MicroCloud Hologram (HOLO) 6-K 10 Aug 23 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-40519
Entity Registrant Name	MicroCloud Hologram Inc.
Entity Central Index Key	0001841209
Entity Address, Address Line One	Room 302
Entity Address, Address Line Two	Building A
Entity Address, Address Line Three	Zhong Ke Na Neng Building
Entity Address, City or Town	Shenzhen
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000

UNAUDTED INTERIM CONDENSED CONS

UNAUDTED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
CURRENT ASSETS
Cash and cash equivalents	$ 18,859,244	¥ 136,273,128	¥ 151,119,985
Accounts receivable, net	9,052,619	65,412,415	80,352,463
Prepayments and other current assets	1,419,481	10,256,886	6,169,398
Due from related parties			60,280
Inventories, net	256,629	1,854,348	1,757,949
Total current assets	29,587,973	213,796,777	239,460,075
NON-CURRENT ASSETS
Prepayment and deposits, net	54,866	396,451	417,004
Property and equipment, net	229,265	1,656,623	1,647,876
Intangible assets, net	1,686,639	12,187,318	15,376,524
Investments in unconsolidated entities	83,036	600,000
Right-of-use assets, net	447,421	3,232,975	4,064,525
Goodwill	2,927,828	21,155,897	21,155,897
Total non-current assets	5,429,055	39,229,264	42,661,826
Total assets	35,017,028	253,026,041	282,121,901
CURRENT LIABILITIES
Accounts payable	8,718,981	63,001,613	61,208,297
Advance from customers	143,377	1,036,017	3,404,038
Other payables and accrued liabilities	1,858,962	13,432,485	13,549,553
Due to related parties			350,000
Operating lease liabilities - current	208,986	1,510,093	1,596,584
Loan payable	3,524	25,461	410,000
Taxes payable	83,594	604,035	602,254
Total current liabilities	11,017,424	79,609,704	81,120,726
NON-CURRENT LIABILITIES
Operating lease liabilities - noncurrent	258,170	1,865,482	2,574,711
Deferred tax liabilities	22,503	162,599	1,106,519
Warrant liabilities	61,709	445,897	425,619
Total other liabilities	342,382	2,473,978	4,106,849
Total liabilities	11,359,806	82,083,682	85,227,575
SHAREHOLDERS’ EQUITY
Ordinary shares, $0.0001 par value	5,081	36,144	36,144
Additional paid-in capital	36,701,010	254,138,709	254,138,709
Retained earnings (accumulative deficit)	(13,259,736)	(94,171,700)	(65,500,622)
Statutory reserves	1,722,262	11,110,699	11,110,699
Accumulated other comprehensive loss	(1,504,391)	(114,482)	(3,182,525)
Total MICROCLOUD HOLOGRAM INC. shareholders' equity	23,664,226	170,999,370	196,602,405
NONCONTROLLING INTERESTS	(7,004)	(57,011)	291,921
Total Equity	23,657,222	170,942,359	196,894,326
Total liabilities and shareholders' equity	$ 35,017,028	¥ 253,026,041	¥ 282,121,901

UNAUDTED INTERIM CONDENSED CO_2

UNAUDTED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001

UNAUDITED INTERIM CONDENSED CON

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited)	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥) ¥ / shares shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2022 CNY (¥) ¥ / shares shares
OPERATING REVENUES
Total operating revenues	$ 14,138,917	¥ 97,914,825	$ 37,634,950	¥ 252,146,638
COST OF REVENUES
Total Cost of Revenues	(6,924,668)	(47,954,709)	(18,862,693)	(126,376,269)
GROSS PROFIT	7,214,249	49,960,116	$ 18,772,257	125,770,369
OPERATING EXPENSES
Provision for doubtful accounts	(2,265,094)	(15,686,227)		(1,237,282)
Selling expenses	(691,878)	(4,791,392)		(3,363,001)
General and administrative expenses	(1,723,957)	(11,938,748)		(11,214,412)
Research and development expenses	(7,143,388)	(49,469,390)		(75,812,189)
Total operating expenses	(11,824,317)	(81,885,757)		(91,626,884)
INCOME (LOSS) FROM OPERATIONS	(4,610,068)	(31,925,641)		34,143,485
OTHER INCOME
Finance income (expenses), net	260,362	1,803,061		277,487
Other income, net	15,689	108,643		579,850
Total other (expenses) income, net	276,051	1,911,704		857,337
INCOME (LOSS) BEFORE INCOME TAXES	(4,334,017)	(30,013,937)		35,000,822
BENEFIT OF (PROVISION FOR) INCOME TAXES	143,523	993,927		1,669,761
NET INCOME (LOSS)	(4,190,494)	(29,020,010)		36,670,583
Less: Net income (loss) attributable to non-controlling interests	(50,386)	(348,932)		(63,030)
NET INCOME ATTRIBUTABLE TO MICROCLOUD HOLOGRAM INC. ORDINARY SHAREHOLDERS	(4,140,108)	(28,671,078)		36,733,613
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	443,026	3,068,043		623,643
COMPREHENSIVE INCOME (LOSS)	(3,747,468)	(25,951,967)		37,294,226
Less: Comprehensive income (loss) attributable to non-controlling interests	(50,386)	(348,932)		(63,030)
COMPREHENSIVE INCOME ATTRIBUTABLE TO MICROCLOUD HOLOGRAM INC. ORDINARY SHAREHOLDERS	$ (3,697,082)	¥ (25,603,035)		¥ 37,357,256
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
Weighted average number of ordinary shares outstanding - basic	20,071,595	20,071,595	132,000,000	132,000,000
Weighted average number of ordinary shares outstanding - diluted	20,071,595	20,071,595	132,000,000	132,000,000
EARNINGS (LOSS) PER SHARE
Earnings (loss) per share - basic | (per share)	$ (0.21)	¥ (1.43)		¥ 0.28
Earnings (loss) per share - diluted | (per share)	$ (0.21)	¥ (1.43)		¥ 0.28
Products [Member]
OPERATING REVENUES
Total operating revenues	$ 2,980,279	¥ 20,639,028		¥ 86,279,003
COST OF REVENUES
Total Cost of Revenues	(1,999,209)	(13,844,925)		(79,886,145)
Services [Member]
OPERATING REVENUES
Total operating revenues	11,158,638	77,275,797		165,867,635
COST OF REVENUES
Total Cost of Revenues	$ (4,925,459)	¥ (34,109,784)		¥ (46,490,124)

UNAUDITED INTERIM CONDENSED C_2

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY	Common Stock [Member] CNY (¥) shares	Additional Paid-in Capital [Member] CNY (¥)	Retained Earnings Statutory [Member] CNY (¥)	Retained Earnings Unrestricted [Member] CNY (¥)	AOCI Attributable to Parent [Member] CNY (¥)	Noncontrolling Interest [Member] CNY (¥)	USD ($)	CNY (¥)
Beginning balance, value at Dec. 31, 2021	¥ 86,093	¥ 29,910,089	¥ 8,541,295	¥ 73,819,679	¥ (57,817)	¥ (66)	$ 16,761,587	¥ 112,299,273
Beginning balance, shares at Dec. 31, 2021	132,000,000
Net income				36,733,613		(63,030)	5,473,385	36,670,583
Statutory reserves			1,722,734	(1,722,734)
Foreign currency translation					623,643		93,084	623,643
Ending balance, value at Jun. 30, 2022	¥ 86,093	29,910,089	10,264,029	108,830,558	565,826	(63,096)	22,328,056	149,593,499
Ending balance, shares at Jun. 30, 2022	132,000,000
Beginning balance, value at Dec. 31, 2022	¥ 36,144	254,138,709	11,110,699	(65,500,622)	(3,182,525)	291,921	27,248,793	196,894,326
Beginning balance, shares at Dec. 31, 2022	50,812,035
Net income				(28,671,078)		(348,932)	(4,016,167)	(29,020,010)
Foreign currency translation					3,068,043		424,596	3,068,043
Ending balance, value at Jun. 30, 2023	¥ 36,144	¥ 254,138,709	¥ 11,110,699	¥ (94,171,700)	¥ (114,482)	¥ (57,011)	$ 23,657,222	¥ 170,942,359
Ending balance, shares at Jun. 30, 2023	50,812,035

UNAUDITED INTERIM CONDENSED C_3

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (4,190,494)	¥ (29,020,010)	¥ 36,670,583
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	509,147	3,525,946	3,315,470
Amortization of operating lease right-of-use assets	120,076	831,551	782,675
Provision for doubtful accounts	2,263,037	15,671,985	1,237,282
Deferred tax expense (benefits)	(136,302)	(943,920)	(1,685,567)
Provision for inventory reserve			(65,154)
Loss on disposal fixed assets			3,285
Change in operating assets and liabilities:
Accounts receivable	(105,692)	(731,937)	(19,666,225)
Prepayment and other current assets	(590,234)	(4,087,488)	(8,631,298)
Inventories	(13,920)	(96,399)	619,346
Prepayments and deposits	2,968	20,553	(70,900)
Accounts payable	258,955	1,793,316	8,450,783
Operating lease liabilities	(114,902)	(795,720)	(718,008)
Advance from customers	(341,943)	(2,368,021)	1,884,854
Other payables and accrued liabilities	(16,905)	(117,068)	275,991
Taxes payable	257	1,781	(1,926,401)
Net cash provided by (used in) operating activities	(2,355,952)	(16,315,431)	20,476,716
CASH FLOWS FROM INVESTING ACTIVITIES:
Loan to third parties			(10,339,518)
Loan repayment from third parties			23,668,958
Purchases of property and equipment	(49,889)	(345,488)	(1,812,133)
Investments in unconsolidated entities	(86,640)	(600,000)
Net cash (used in) provided by investing activities	(136,529)	(945,488)	11,517,307
CASH FLOWS FROM FINANCING ACTIVITIES:
Amounts advanced from related parties			411,659
Amounts advanced to related parties			(40,280)
Repayments from related parties	8,704	60,280
Repayments to related parties	(50,540)	(350,000)	(370)
Repayments of third-party loan	(55,527)	(384,539)
Proceeds of third-party loan			470,000
Net cash provided by/(used in) financing activities	(97,363)	(674,259)	841,009
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(461,250)	3,088,321	721,682
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(3,051,094)	(14,846,857)	33,556,714
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period	21,910,338	151,119,985	48,006,979
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period	18,859,244	136,273,128	81,563,693
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	637	4,411	1,821
Cash paid for interest	994	6,887
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Initial recognition of right-of-use assets and lease liabilities			¥ 5,653,603

Nature of business and organiza

Nature of business and organization	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Nature of business and organization	Note 1 — Nature of business and organization MicroCloud Hologram Inc. (formerly known as Golden Path Acquisition Corporation (“Golden Path” or “the Company”)), a Cayman Islands exempted company, is a leading holographic digitalization technology service provider in China, which is committed to providing first-class holographic technology services to the customers worldwide. On September 16, 2022, the Company consummated the previously announced business combination pursuant to the Merger Agreement, by and among Golden Path, Golden Path Merger Sub, and MC Hologram Inc. (“MC”). Pursuant to the Merger Agreement, MC merged with Golden Path Merger Sub, survived the merger and continued as the surviving company and a wholly owned subsidiary of Golden Path (the “Merger”, and, collectively with the other transactions described in the Merger Agreement, the “Business Combination”). Upon the closing of the Business Combination (the “Closing”), Golden Path changed its name to MicroCloud Hologram Inc., pursuant to which Golden Path issued 44,554,455 ordinary shares to MC shareholders. Prior to the Closing, the holders of Golden Path ordinary shares had the right to redeem all or a portion of their Golden Path ordinary shares calculated in accordance with Golden Path’s governing documents. At the Closing, each of Golden Path’s public units separated into its components consisting of one ordinary share, one warrant and one right, and as a result, the units no longer trade as a separate security. As a result of the Closing of the Business Combination, after reflecting the actual redemption of 2,182,470 shares by Golden Path shareholders, MC owns approximately 87.68% of the outstanding Golden Path ordinary shares, the former shareholders of Golden Path owns approximately 11.57% of the outstanding Golden Path ordinary shares, and Peace Asset Management, a private held entity who facilitated the business combination, owns approximately 0.75% as of June 30, 2023 (not giving effect to any shares issuable to them upon the exercise of any Golden Path warrants). Immediately after giving effect to the Business Combination, MicroCloud has 50,812,035 ordinary shares issued and outstanding, and 6,020,500 warrants outstanding. The proceeds received from the Reverse Recapitalization is $ 33.2 million, net of certain transaction costs. As a result of the consummation of the Business Combination, MC is now a wholly owned subsidiary of the Company, which has changed its name to MicroCloud Hologram Inc. Following the Closing, on September 19, 2022, the ordinary shares and public warrants outstanding upon the Closing began trading on the NASDAQ Stock Exchange (the “NASDAQ”) under the symbols “HOLO” and “HOLOW,” respectively. The transaction was accounted for as a “reverse recapitalization” in accordance with accounting principles generally accepted in the United States (“GAAP”) because the primary assets of Golden Path would be nominal following the close of the Merger. Under this method of accounting, Golden Path was treated as the “acquired” company for financial reporting purposes and MC was determined to be the accounting acquirer based on the terms of the Merger and other factors including: (i) MC’s stockholders have a majority of the voting power of the combined company, (ii) MC comprises a majority of the governing body of the combined company, and MC’s senior management comprises all of the senior management of the combined company, and (iii) MC comprises all of the ongoing operations of the combined entity. Accordingly, for accounting purposes, this transaction was treated as the equivalent of the Company issuing shares for the net assets of Golden Path, accompanied by a recapitalization. The shares and net loss per common share, prior to the Reverse Recapitalization, have been retroactively restated as shares reflecting the Exchange Ratio established in the Reverse Recapitalization (one Golden Path share for one Company share). The net assets of Golden Path were recorded at historical costs, with no goodwill or other intangible assets recorded. Operations prior to the Reverse Recapitalization are those of MC. The accompanying unaudited consolidated financial statements reflect the activities of the Company and each of the following entities as of June 30, 2023: Schedule of accompanying consolidated financial statements Name Background Ownership MC Hologram Inc (“MC”) - A Cayman Islands company 100% owned by MicroCloud - Formed on November 10, 2020 - Registered capital of USD 50,000 Quantum Edge HK Limited (“Mengyun HK”) - A Hong Kong company 100% owned by MC - Formed on November 25, 2020 - Registered capital of HK 10,000 (USD 1,290) - A holding company Beijing Xihuiyun Technology Co., Ltd (“Beijing Xihuiyun”) - PRC limited liability company 100% owned by Mengyun HK - Formed on May 11, 2021 - Registered capital of RMB 207,048,000 (USD 30,000,000) - A holding company Shanghai Mengyun Holographic Technology Co., Ltd. (“Shanghai Mengyun”) - A PRC limited liability company 81.63% owned by Beijing Xihuiyun and 18.37% owned by Mengyun HK - Formed on March 24, 2016 - Registered capital of RMB 27,000,000 (USD 4,316,665) - Primarily engages in holographic integrated solutions. Shenzhen Mengyun Holographic Technology Co., Ltd. (“Shenzhen Mengyun”) - A PRC limited liability company 100% owned by Shanghai Mengyun - Formed on March 15, 2016 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic integrated solutions. Shenzhen Qianhai Youshi Technology Co., Ltd. (“Qianhai Youshi”) - A PRC limited liability company 100% owned by Shanghai Mengyun - Formed on August 14, 2014 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic content sales and SDK software services. Shenzhen Yijia Network Technology Co., Ltd. (“Yijia Network”) - A PRC limited liability company 100% owned by Qianhai Youshi - Formed on September 25, 2008 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic content sales and SDK software services. Name Background Ownership Horgos Youshi Network Technology Co., Ltd. (“Horgos Youshi”) - A PRC limited liability company 100% owned by Qianhai Youshi - Formed on November 2, 2020 - Registered capital of RMB 1,000,000 (USD 153,846) - Primarily engages in holographic content sales and SDK software services. Horgos Weiyi Software Technology Co., Ltd. (“Horgos Weiyi”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on September 6, 2016 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic integrated solutions. Shenzhen BroadVision Technology Co., Ltd. (“Shenzhen Bowei”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on April 12, 2016 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic PCBA solutions. Mcloudvr Software Network Technology HK Co., Limited (“Mcloudvr HK”) - A Hong Kong company 100% owned by Shenzhen Mengyun - Formed on February 2, 2016 - Registered capital of HKD 100,000 (USD 12,882) - Primarily engages in holographic integrated solutions. Shenzhen Tianyuemeng Technology Co., Ltd. (“Shenzhen Tianyuemeng”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on January 6, 2014 - Registered capital of RMB 20,000,000 (USD 3,076,922) - Primarily engages in holographic advertising services. Shenzhen Yunao Hongxiang Technology Co., Ltd. (“Shenzhen Yunao”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on December 3, 2021 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Broadvision Intelligence (Hong Kong), Ltd. (“Broadvision HK”) - A Hong Kong company 100% owned by Shenzhen Bowei - Formed on November 5, 2020 - Registered capital of HKD 10,000 (USD 1,288) - No operation Name Background Ownership Horgos BroadVision Technology Co., Ltd. (“Horgos Bowei”) - A PRC limited liability company 100% owned by Shenzhen Bowei - Formed on November 4, 2020 - Registered capital of RMB 1,000,000 (USD 153,846) - Primarily engages in holographic PCBA solutions. Horgos Tianyuemeng Technology Co., Ltd. (“Horgos Tianyuemeng”) - A PRC limited liability company 100% owned by Shenzhen Tianyuemeng - Formed on October 23, 2020 - Registered capital of RMB 1,000,000 (USD 153,846) - Primarily engages in SDK software services. Horgos Tianyuemeng Technology Co., Ltd.-Shenzhen Branch (“Horgos Tianyuemeng-SZ”) - A PRC limited liability company 100% owned by Horgos Tianyuemeng - Formed on March 19, 2021 - Registered capital of RMB 1,000,000 (USD 153,846) - No operation - Dissolved on December 10, 2021 Shanghai Mengyun Quanyou Vision Technology Co., Ltd (“Shanghai Quanyou”) - A PRC limited liability company 100% owned by Shanghai Mengyun - Formed on June 24, 2021 - Registered capital of RMB 1,000,000 (USD 153,846) - No operation - Dissolved on September 1, 2021 Ocean Cloud Technology Co., Limited. (“Ocean HK”) - A Hong Kong company 56% owned by Mcloudvr HK - Formed on November 4, 2021 - Registered capital of HKD 10,000 (USD 1,288) - No operation Shenzhen Haiyun Xinsheng Technology Co., Ltd. (“Shenzhen Haiyun”) - A PRC limited liability company 100% owned by Ocean HK - Formed on December 3, 2021 - Registered capital of RMB 50,000,000 (USD 7,846,707) - No operation Shenzhen Tata Mutual Entertainment Information Technology Co., Ltd. (“Shenzhen Tata”) - A PRC limited liability company 100% owned by Shenzhen Haiyun - Formed on January 16, 2020 - Sold on June 30, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Game promotion service Name Background Ownership Shenzhen Youmi Technology Co., Ltd. (“Shenzhen Youmi”) - A PRC limited liability company 100% owned by Shenzhen Haiyun - Formed on January 29, 2022 - Sold on May 31, 2023 - Registered capital of RMB 5,000,000 (USD 784,671) - Game promotion and advertising service Shenzhen Yushian Technology Co., Ltd. (“Shenzhen Yushi”) - A PRC limited liability company 100% owned by Shenzhen Haiyun - Formed on February 18, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Horgos Tata Mutual Entertainment Information Technology Co., Ltd. (“Horgos Tata”) - A PRC limited liability company 100% owned by Shenzhen Tata - Formed on March 22, 2022 - Sold on June 30, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Game promotion service Horgos Youmi Technology Co., Ltd. (“Horgos Youmi”) - A PRC limited liability company 100% owned by Shenzhen Youmi - Formed on March 17, 2022 - Sold on May 31, 2023 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Horgos Yushian Technology Co., Ltd. (“Horgos Yushi”) - A PRC limited liability company 100% owned by Shenzhen Yushi - Formed on March 24, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Kashgar Youshi Information Technology Co., Ltd. (“Kashgar Youshi”) - A PRC limited liability company 100% owned by Qianhai Youshi - Formed on May 5, 2016 - Registered capital of RMB 5,000,000 (USD 769,230) - Primarily engages in holographic content sales and SDK software services.

Summary of significant accounti

Summary of significant accounting policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of significant accounting policies	Note 2 — Summary of significant accounting policies Basis of presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”), regarding financial reporting, and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operation results. The results of operations for the six months ended June 30, 2023 are not necessarily indicative of results to be expected for any other interim period or for the full year of 2023. Accordingly, these unaudited interim condensed financial statements should be read in conjunction with the Company’s audited financial statements and note thereto as of and for the years ended December 31, 2022. Principles of consolidation The unaudited consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors. Use of estimates and assumptions The preparation of unaudited interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the unaudited interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s unaudited interim condensed consolidated financial statements include the useful lives of property and equipment and intangible assets, impairment of long-lived assets and goodwill, allowance for doubtful accounts, provision for contingent liabilities, revenue recognition, deferred taxes and uncertain tax position, the fair value of contingent consideration related to business acquisitions. Actual results could differ from these estimates. Foreign currency translation and other comprehensive income (loss) The reporting currency of the audited consolidated financial statements for the December 31, 2022 is USD. The company has also presented USD for the period ended June 30, 2023 as additional information to the reader. As of June 30, 2023, which was the last business day of the registrant ’ The Company uses RMB as its reporting currency. The functional currency of MicroCloud, MC, Mengyun HK, Mcloudvr HK and Broadvision HK is in US dollars and the functional currency of the Company’s other subsidiaries is RMB, as determined based on the criteria of Accounting Standards Codification (“ASC”) 830 “Foreign Currency Matters.” In the unaudited interim condensed consolidated financial statements, the financial information of the Company and other entities located outside of the PRC has been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period. The resulting foreign currency translation adjustment is recorded in other comprehensive income (loss). The balance sheet amounts, with the exception of shareholders’ equity for MC, Mengyun HK, Mcloudvr HK and Broadvision HK as of June 30, 2023 and December 31, 2022 were translated at RMB 1.00 to USD 0.1384 USD 0.1450 Convenience translation Translations of balances in the unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of income and unaudited interim condensed consolidated statements of cash flows from RMB into USD as of and for the six months ended June 30, 2023 are solely for the convenience of the reader and were calculated at the rate of RMB 1.00 to USD 0.1384 Cash and cash equivalents Cash and cash equivalents primarily consist of bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. Cash and cash equivalents also consist of funds earned from the Company’s operating revenues which were held at third party platform fund accounts which are unrestricted as to immediate use or withdraw. The Company maintains most of its bank accounts in the PRC and HK. Accounts receivable, net Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 90 days. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate and provides allowance when necessary. The allowance is based on management’s best estimates of specific losses on individual customer exposures, as well as the historical trends of collections. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable. Other receivables and prepaid expenses Other receivables that are short term in nature include employee advances to pay certain of the Company’s expenses in the normal course of business and certain short-term deposits. Prepaid expenses included utilities or system services. An allowance for doubtful accounts may be established and recorded based on management’s assessment of the likelihood of collection. Management reviews these items on a regular basis to determine if the allowance for doubtful accounts is adequate and adjusts the allowance when necessary. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. Property plant and equipment, net Property plant and equipment are stated at cost less accumulated depreciation and impairment if applicable. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with 5% residual value. The estimated useful lives are as follows: Schedule of estimated useful lives Useful Life Office equipment 3 Office furniture and fixtures 3 5 Leasehold improvements 1 2 Cost method investments The Company accounts for investments with less than 20% of the voting shares and does not have the ability to exercise significant influence over operating and financial policies of the investee using the cost method. The Company records cost method investments at the historical cost in its condensed consolidated financial statements and subsequently records any dividends received from the net accumulated earnings of the investee as income. Dividends received in excess of earnings are considered a return of investment and are recorded as reduction in the cost of the investments. Cost method investments are evaluated for impairment when facts or circumstances indicate that the fair value of the long-term investments is less than its carrying value. An impairment is recognized when a decline in fair value is determined to be other-than-temporary. The Company reviews several factors to determine whether a loss is other-than-temporary. These factors include, but are not limited to, the: (i) nature of the investment; (ii) cause and duration of the impairment; (iii) extent to which fair value is less than cost; (iv) financial condition and near term prospects of the investments; and (v) ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value. Intangible assets, net The Company’s intangible assets with definite useful lives primarily consist of customer relationships, software, and non-competing agreements. Identifiable intangible assets resulting from the acquisitions of subsidiaries accounted for using the purchase method of accounting are estimated by management based on the fair value of assets received. The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company typically amortizes its intangible assets with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated useful lives of three to ten years. Goodwill Goodwill represents the excess of the consideration paid of an acquisition over the fair value of the net identifiable assets of the acquired subsidiaries at the date of acquisition. Goodwill is not amortized and is tested for impairment at least annually, more often when circumstances indicate impairment may have occurred. Goodwill is carried at cost less accumulated impairment losses. If impairment exists, goodwill is immediately written off to its fair value and the loss is recognized in the consolidated statements of operations and comprehensive loss. Impairment losses on goodwill are not reversed. The Company reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist annually or more frequently if events and circumstances indicate that it is more likely than not that an impairment has occurred. The Company has the option to assess qualitative factors to determine whether it is necessary to perform further impairment testing in accordance with ASC 350-20, as amended by ASU 2017-04. If the Company believes, as a result of the qualitative assessment, that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, then the impairment test described below is required. The Company compares the fair values of each reporting unit to its carrying amount, including goodwill. If the fair value of each reporting unit exceeds its carrying amount, goodwill is not considered to be impaired. If the carrying amount of a reporting unit exceeds its fair value, impairment is recognized for the difference, limited to the amount of goodwill recognized for the reporting unit. Estimating fair value is performed by utilizing various valuation techniques, with the primary technique being a discounted cash flow. Business combination The purchase price of an acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values, with the residual of the purchase price recorded as goodwill. Transaction costs associated with business combinations are expensed as incurred, and are included in general and administrative expenses in the Company’s consolidated statements of operations. The results of operations of the acquired business are included in the Company’s operating results from the date of acquisition. Fair value measurement The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. Warrants liabilities The Company accounts for warrants (Public Warrants or Private Warrants) as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations. The Company has elected to account for its Public Warrants as equity and the Private Warrants as liabilities. Revenue recognition Effective January 1, 2019, the Company adopted ASC Topic 606 using the modified retrospective adoption method. Based on the requirements of ASC Topic 606, revenue is recognized when control of the promised goods or services is transferred to the customers in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods or services. Revenue is recognized when the following 5-step revenue recognition criteria are met: 1) Identify the contract with a customer 2) Identify the performance obligations in the contract 3) Determine the transaction price 4) Allocate the transaction price 5) Recognize revenue when or as the entity satisfies a performance obligation The Company’s revenue recognition policies effective upon the adoption of ASC 606 are as follows: (i) Holographic Solutions a. Holographic Technology LiDAR Products The Company generates light detection and ranging (“LiDAR”) revenue through selling integrated circuit board embedded with holographic software. The Company typically enters into written contracts with its customer where the rights of the parties, including payment terms, are identified and sales prices to the customers are fixed with no separate sales rebate, discount, or other incentive and no right of return exists on sales of inventory. The Company’s performance obligation is to deliver products according to contract specifications. The Company recognizes product revenue at a point in time when the control of products is transferred to customers. b. Holographic Technology Intelligence Vision software and Technology Development Service The Company generates revenue by developing advanced driver assistance systems (“ADAS”) software and technology, which are generally on a fixed-priced basis. The Company has no alternative use for the customized software and the Company has an enforceable right to payment for performance completed to date. Revenues from ADAS software development contracts are recognized over time during the contract period based on the Company’s measurement of progress towards completion using input method, which is usually measured by comparing labor hours expended to date to total estimated labor hours needed to satisfy the performance obligation. As of June 30, 2023 and December 31, 2022, the Company’s aggregate amounts of transaction price allocated to unsatisfied performance obligation are RMB 0 465,800 c. Holographic Technology Licensing and Content Products The Company provides holographic content products and holographic software for music videos, shows, and commercials on a fixed-price basis. These contents and software are generally pre-developed and exist when made available to the customer. Content products are delivered through its website or offline using hard drive. Revenues from licensing and content products are recognized at the point in time when the control of products or services is transferred to customers. No upgrades, maintenance, or any other post-contract customer support are provided. d. Holographic Technology Hardware Sales The Company is a distributer of holographic hardware and generates revenue through resale. In accordance with ASC 606, revenue recognition: principal agent consideration, an entity is a principal if it controls the specified good or service before that good or service is transferred to a customer. Otherwise, the entity is an agent in the transaction. The Company evaluates three indicators of control in accordance with ASU 2016-08: 1) For hardware sales, the Company is the most visible entity to customers and assumes fulfilment risk and risks related to the acceptability of products, including addressing customer complaints directly and handling of product returns or refunds directly. 2) The Company assumes inventory risk after taking the title from vendors and is responsible for product damage during shipment period prior to acceptance of its customers and is also responsible for product return if the customer is not satisfied with the products. 3) The Company determines the resale price of hardware products. 4) The Company is the party that directs the use of the inventory and can prevent the vendor from transferring the product to a customer or to redirect the products to a different customer. After evaluating the above scenario, the Company considers itself the principal of these arrangements and records hardware sales revenue on a gross basis. Hardware sales contracts are on a fixed price basis with no separate sales rebate, discount, or other incentive. Revenue is recognized at a point in time when the Company has delivered products and the acceptance by its customer with no future obligation. The Company generally permits returns of products due to deficits; however, returns are historically insignificant. (ii) Holographic Technology Service Holographic advertisements are the use of holographic technology integrated into advertisements on media platforms and offline display. The Company enters advertising contracts with advertisers to promote merchandises and services where the price, which is generally based on cost per action (“CPA”), is fixed and determinable. The Company provides its advertising service to channel providers where the amounts cost per action are also fixed and determinable. Revenue is recognized at a point of time when agreed actions are performed. The Company considers itself as provider of the services under the CPA model as it has the control of the services at any time before it is transferred to the customers which is evidenced by 1) having a right to a service to be performed by the other party, which gives the Company the ability to direct that party to provide the service to the customers on the Company’s behalf. 2) having discretion in setting the price for the service 3) billing monthly advertising fee directly to customers by settling valid CPA data with customers. Therefore, the Company acts as the principal of these arrangements and reports revenue earned and costs incurred related to these transactions on a gross basis. The Company also provides advertisement services through influencers on social networks. The Company charges advertisers a fixed rate, which is generally a fixed percentage of total value of merchandise sold over a specific period (“GMV”). Revenue is recognized at a point of time when merchandise is sold through social network. The Company’s software development kit (“SDK”) service is a collection of software development tools in one installable package that enables customers (usually software developers) to add holographic functionality and run holographic advertisements in their APPs or software. SDK contracts are primarily on a fixed rate basis, or cost per SDK Connection. The Company recognizes SDK service revenue at a point in time when a user completes an SDK connection via a designated portal. Service fees are generally billed monthly based on per-connection basis. The Company also provides game promotion services for game developers and licensed game operators. The Company acted as a marketing channel that it will promote the games through in-house or third-party platforms, from which users can download the mobile and purchase virtual currency for in game premium features to enhance their game playing experience. The Company contracts with third party payment platforms for collection services offered to game players who have purchased virtual currency. The game developers, licensed operator, payment platforms and the marketing channels are entitled to profit sharing based on a prescribed percentage of the gross amount charged to the game players. The Company’s obligation in the promotion services is completed at a point in time when the game players made a payment to purchase virtual currency. The Company considered itself an agent in these arrangements since it does not control the services at any time. Accordingly, the Company records the game promotion service revenue on a net basis. Contract balances The Company records receivable related to revenue when it has an unconditional right to invoice and receive payment. Payments received from customers before all of the relevant criteria for revenue recognition met are recorded as deferred revenue. Cost of revenues For holographic solutions, the cost of revenue consists primarily of the costs of hardware products sold and outsourced content providers, third party software development costs, and compensation expenses for the Company’s professionals. For holographic technology service, the cost of revenue consists primarily of costs paid to channel distributors for advertising services and compensation expenses for the Company’s professionals. Cost allocation Cost allocation include allocation of certain general and administrative and financial expenses paid by the Parent. General and administrative expenses consist primarily salary and related expenses of senior management and employees, shared management expenses, including accounting, consulting, legal support services, and other expenses to provide operating support to the related businesses. These allocations are made using a proportional cost allocation method by considering the proportion of revenues, headcounts as well as estimates of time spent on the provision of services attributable to the Company and the related expenses resulted from the acquisition of subsidiary. Research and development Research and development expenses include salaries and other compensation-related expenses to the Company’s research and product development personnel, outsourced subcontractors, as well as office rental, depreciation and related expenses for the Company’s research and product development team. Value added taxes (“VAT”) Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13% in China, depending on the type of service provided or product sold. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in tax payable. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities for five years from the date of filing. Income taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred taxes is accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the condensed consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. PRC tax returns filed are subject to examination by any applicable tax authorities. Other Income Other Income primary includes government subsidies which are amounts granted by local government authorities as an incentive for companies to promote development of the local technology industry. The Company receives government subsidies related to government sponsored projects, and records such government subsidies as a liability when it is received. The Company records government subsidies as other income when there is no further performance obligation. Leases The Company adopted FASB ASU 2016-02, “Leases” (Topic 842) for the year ended December 31, 2020, and elected the practical expedients that does not require us to reassess: (1) whether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. The Company also adopted the practical expedient that allows lessees to treat the lease and non-lease components of a lease as a single lease component. Operating lease ROU assets and lease liabilities are recognized at the adoption date or the commencement date, whichever is earlier, based on the present value of lease payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company use its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. Lease terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable certainty at lease inception that these options will be exercised. The Company generally considers the economic life of its operating lease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. The Company reviews the impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested asset group and include the associated operating lease payments in the undiscounted future pre-tax cash flows. Employee benefit The full-time employees of the Company are entitled to staff welfare benefits including medical care, housing fund, pension benefits, unemployment insurance and other welfare, which are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued. Earnings/(loss) per share The Company computes earnings/loss per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income/loss divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Statutory reserves Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end). If the Company has accumulated loss from prior periods, the Company is able to use the current period net income after tax to offset against the accumulate loss. Segment reporting FASB ASC 280, Segment Reporting, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Company’s CODM has been identified as

Accounts receivable, net

Accounts receivable, net	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
Accounts receivable, net	Note 3 — Accounts receivable, net Accounts receivable, net consisted of the following: Schedule of Accounts receivable, net December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Accounts receivable 85,215,404 85,947,341 11,894,509 Less: allowance for doubtful accounts (4,862,941 ) (20,534,926 ) (2,841,890 ) Accounts receivable, net 80,352,463 65,412,415 9,052,619 The following table summarizes the changes in allowance for doubtful accounts: Schedule of allowance for doubtful accounts December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Beginning balance 1,886,467 4,862,941 705,060 Provision for doubtful accounts 2,976,474 15,671,985 2,263,037 Exchange rate difference - - (126,207 ) Ending balance 4,862,941 20,534,926 2,841,890

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Inventories	Note 4 — Inventories Inventories consist of the following: Schedule of inventories December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Raw materials 1,816,058 1,976,122 273,482 Finished goods 118,350 54,685 7,568 Total 1,934,408 2,030,807 281,050 Less: Inventory allowance (176,459 ) (176,459 ) (24,421 ) Inventories, net 1,757,949 1,854,348 256,629

Property and equipment, net

Property and equipment, net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and equipment, net	Note 5 — Property and equipment, net Property and equipment, net consist of the following: Schedule of Property and equipment, net December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Office equipment 1,140,456 1,140,456 157,831 Mechanical equipment 1,059,178 1,059,178 146,583 Electronic and other equipment 2,454,537 2,800,025 387,503 Vehicles 43,982 43,982 6,087 Subtotal 4,698,153 5,043,641 698,004 Less: accumulated depreciation (3,050,277 ) (3,387,018 ) (468,739 ) Total 1,647,876 1,656,623 229,265 Depreciation expense for the six months ended June 30, 2022 and 2023 amounted to RMB 125,223 336,741 46,602

Intangible assets, net

Intangible assets, net	6 Months Ended
	Jun. 30, 2023
Intangible Assets Net
Intangible assets, net	Note 6 — Intangible assets, net The Company’s intangible assets with definite useful lives primarily consist of accounting software. The following table summarizes acquired intangible asset balances as of: Schedule of Intangible assets, net December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Customer relationships 13,300,000 13,300,000 1,840,627 Software 14,745,632 14,745,632 2,040,692 Non-compete agreement 2,300,000 2,300,000 318,304 Subtotal 30,345,632 30,345,632 4,199,623 Less: accumulated amortization (14,969,109 ) (18,158,314 ) (2,512,984 ) Intangible assets, net 15,376,524 12,187,318 1,686,639 Amortization expense for the six months ended June 30, 2022 and 2023 amounted to RMB 3,190,247 3,189,205 342,666 The estimated amortization is as follows: Schedule of estimated annual amortization expense Twelve months ending June 30, Estimated amortization expense Estimated amortization expense RMB USD 2023 3,118,895 431,633 2024 4,600,734 636,709 2025 4,467,080 618,213 2026 609 84 Thereafter - - Total 12,187,318 1,686,639

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 7 — Goodwill Goodwill represents the excess of the consideration paid of an acquisition over the fair value of the net identifiable assets of the acquired subsidiaries at the date of acquisition. Goodwill is not amortized and is tested for impairment at least annually, more often when circumstances indicate impairment may have occurred. The following table summarizes the components of acquired goodwill balances as of: Schedule of Goodwill December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Goodwill from Shenzhen Bowei acquisition* 9,729,086 9,729,086 1,346,438 Goodwill from Shenzhen Tianyuemeng acquisition** 11,426,811 11,426,811 1,581,390 Goodwill 21,155,897 21,155,897 2,927,828 * On July 1, 2020, Shenzhen Mengyun entered into acquisition agreement to acquire 100% equity interests of Shenzhen Bowei, a provider of holographic PCBA solutions. The transaction consummated on July 1, 2020. According to the agreement, acquisition consideration is RMB 20,000,000 (approximately USD 3.1 million) to acquire the 100% equity interests of Shenzhen Bowei. Acquired amortizable intangible assets includes customer relationship, software, and non-compete agreements. Approximately RMB 9.7 million (USD 1.5 million) of goodwill arising from the acquisition is mainly attributable to the excess of the consideration paid over the fair value of the net assets acquired that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprise (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition. ** On October 1, 2020, Shenzhen Mengyun entered into acquisition agreement to acquire 100% equity interests of Shenzhen Tianyuemeng, an entity focused on holographic advertising services. The transaction consummated on October 1, 2020. According to the agreement, acquisition consideration is RMB 30,000,000 (approximately USD 4.6 million) to acquire the 100% equity interests of Shenzhen Tianyuemeng. Acquired amortizable intangible assets includes customer relationship, software, and non-compete agreements. Approximately RMB 11.4 million (USD 1.8 million) of goodwill arising from the acquisition is mainly attributable to the excess of the consideration paid over the fair value of the net assets acquired that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprise (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition. The changes in the carrying amount of goodwill allocated to reportable segments as of December 31, 2022 and June 30, 2023 are as follows: Schedule of goodwill reportable segments Holographic solutions Holographic technology service Total Total RMB RMB RMB USD As of December 31, 2022 9,729,086 11,426,811 21,155,897 3,067,317 As of June 30, 2023 9,729,086 11,426,811 21,155,897 2,927,828

Investments in unconsolidated e

Investments in unconsolidated entities	6 Months Ended
	Jun. 30, 2023
Schedule of Investments [Abstract]
Investments in unconsolidated entities	Note 8 — Investments in unconsolidated entities Schedule of investments December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Equity investments without readily determinable fair value: 19.9% Investment (1) 2,000,000 2,000,000 276,786 4.4% Investment (2) 500,000 500,000 69,196 5% Investment (3) 600,000 600,000 83,036 3% Investment (4) 1,000,000 1,000,000 138,393 2% Investment (5) - 600,000 83,036 Impairment (4,100,000 ) (4,100,000 ) (567,411 ) Total - 600,000 83,036 (1) In August 2016, Shenzhen Mengyun invested RMB 2,000,000 in a company in the technology development and animation design areas for 19.9% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 2,000,000 (USD 306,645) impairment loss for the investment in 2018. (2) In November 2015, Shanghai Mengyun invested RMB 500,000 in a company in the database service for 4.44% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 500,000 (USD 76,661) impairment loss for the investment in 2018 (3) In September 2021, Shenzhen Mengyun invested RMB 600,000 in a company specializing in research and development of smart wearable devices for 5% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 600,000 (USD 89,166) impairment loss for the investment in 2022. (4) In October 2021, Shenzhen Mengyun invested RMB 1,000,000 in a company specializing in VR/AR education technology for 3% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 1,000,000 (USD 148,611) impairment loss for the investment in 2022. (5) In March 2023, Shenzhen Mengyun invested RMB 600,000 in a company in the technology development and animation design areas for 2% equity interest.

Other payables and accrued liab

Other payables and accrued liabilities	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Other payables and accrued liabilities	Note 9 — Other payables and accrued liabilities Other payables and accrued liabilities consist of the following: Schedule of Other payables and accrued liabilities December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Salary payables 6,875,285 6,658,487 921,488 Other payables and accrued expenses 6,674,268 6,773,998 937,474 Total other payables and accrued liabilities 13,549,553 13,432,485 1,858,962

Related party balances and tran

Related party balances and transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Related party balances and transactions	Note 10 — Related party balances and transactions The amounts due from related parties consist of the following: Schedule of related parties Name of Related Parties Relationship Nature December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Shenzhen Ultimate Holographic Culture Communication Co., Ltd Shenzhen Mengyun’s 19.9% equity investment Advances for operational purposes, no interest, due on demand 60,280 - - Total: 60,280 - - The amounts due to related parties consists of the following: Name of Related Parties Relationship Nature December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Yuxiu Han. Former shareholder and current legal representative of Shenzhen Bowei Advances for operational purpose, no interest, due on demand 350,000 - - Total: 350,000 - -

Taxes

Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Taxes	Note 11 — Taxes Significant components of the benefit of income taxes are as follows: Schedule of income tax expense benefit For the June 30, 2022 For the June 30, 2023 For the June 30, 2023 RMB RMB USD Current (15,989 ) 50,007 7,221 Deferred 1,685,750 943,920 136,302 Benefit of income taxes 1,669,761 993,927 143,523 Deferred tax assets and liabilities Significant components of deferred tax assets and liabilities were as follows: Schedule of deferred tax assets and liabilities December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Deferred tax assets: Allowance for doubtful accounts 256,868 202,764 28,061 Impairment loss for investment 240,000 240,000 33,214 Net operating loss carry forward 3,409,722 5,354,785 741,065 Inventory reserve 26,469 26,469 3,663 Right of use 14,110 18,201 2,519 Less :valuation allowance (3,054,301 ) (4,279,816 ) (592,297 ) Deferred tax assets, net 892,868 1,562,403 216,225 Deferred tax liabilities: Recognition of intangible assets arising from business combinations 1,999,387 1,725,002 238,728 Deferred tax liabilities, net 1,999,387 1,725,002 238,728 Total deferred tax liabilities, net 1,106,519 162,599 22,503 The Company evaluated the recoverable amounts of deferred tax assets, and provided a valuation allowance to the extent that future taxable profits will be available against which the net operating loss and temporary differences can be utilized. Valuation allowance is provided against deferred tax assets when the Company determines that it is more likely than not that the deferred tax assets will not be utilized in the future. In making such determination, the Company considered factors including future taxable income exclusive of reversing temporary differences and tax loss carry forwards. Valuation allowance was provided for net operating loss carry forward because it was more likely than not that such deferred tax assets would not be realized based on the Company’s estimate of its future taxable income. If events occur in the future that allow the Company to realize more of its deferred income tax than the presently recorded amounts, an adjustment to the valuation allowances will result in a decrease in tax expense when those events occur. The Company recognized deferred tax liabilities related to the excess of the intangible assets reporting basis over its income tax basis as a result of fair value adjustment from acquisitions in 2020. The deferred tax liabilities will reverse as the intangible assets are amortized for financial statement reporting purposes. As of June 30, 2023, the Company had net operating loss carry forwards of approximately RMB 40,980,173 5,671,368 Value added taxes (“VAT”) Revenue represents the invoiced value of service, net of VAT. The VAT are based on gross sales price. VAT rate is 6% on services and 13% on goods in China. Taxes payable consisted of the following: Schedule of Taxes payable December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) VAT taxes payable 49,655 175,154 24,240 Income taxes payable 473,565 400,068 55,367 Other taxes payable 79,034 28,813 3,987 Totals 602,254 604,035 83,594

Concentration of risk

Concentration of risk	6 Months Ended
	Jun. 30, 2023
Risks and Uncertainties [Abstract]
Concentration of risk	Note 12 — Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and short-term investments consisting of time deposit. In China, the insurance coverage for cash deposits at each bank is RMB 500,000 136,273,128 18,859,244 151,119,985 21,910,338 A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the PBOC. Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance. To the extent that the Company needs to convert U.S. dollars into RMB for capital expenditures and working capital and other business purposes, appreciation of RMB against U.S. dollar would have an adverse effect on the RMB amount the Company would receive from the conversion. Conversely, if the Company decides to convert RMB into U.S. dollar for the purpose of making payments for dividends, strategic acquisition or investments or other business purposes, appreciation of U.S. dollar against RMB would have a negative effect on the U.S. dollar amount available to the Company. Customer concentration risk For the six months ended June 30, 2023, one customer accounted for 26.0% 24.1% As of June 30, 2023, two customers accounted for 25.3% 25.2% 26.4% 15.8% Vendor concentration risk For the six months ended June 30, 2023, two vendors accounted for 50.7% 14% 31.4% 16.2% As of June 30, 2023, one vendor accounted for 65.4% 63.6% 10.0%

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Leases	Note 13 — Leases Lease commitments The Company determines if a contract contains a lease at inception. US GAAP requires that the Company’s leases be evaluated and classified as operating or finance leases for financial reporting purposes. The classification evaluation begins at the commencement date and the lease term used in the evaluation includes the non-cancellable period for which the Company has the right to use the underlying asset, together with renewal option periods when the exercise of the renewal option is reasonably certain and failure to exercise such option which result in an economic penalty. All of the Company’s real estate leases are classified as operating leases. The Company has several offices lease agreements with lease terms ranging from two to six years. Upon adoption of ASU 2016-02 on January 1, 2022, the Company recognized approximately RMB 5.7 0.9 5.7 0.9 7.0% As of June 30, 2023, the Company’s operating leases had a weighted average remaining lease term of approximately 2.57 Operating lease expenses are allocated between the cost of revenue and selling, general, and administrative expenses. Rent expenses for the six months ended June 30, 2023 and 2022 were RMB 960,220 142,699 943,789 The maturity of the Company’s lease obligations is presented below: Schedule of lease liabilities Twelve Months Ending December 31, Operating Lease Amount Operating Lease Amount RMB USD 2023(remaining six months) 1,275,719 176,551 2024 1,252,317 173,312 2025 962,477 133,200 2026 579,793 80,239 Total lease payments 4,070,306 563,302 Less: Interest (694,731 ) (96,146 ) Present value of lease liabilities 3,375,575 467,156 Future amortization of Company’s ROU assets is presented below: Schedule of Future amortization of Company’s ROU assets Twelve Months Ending December 31, Operating Lease Amount Operating Lease Amount RMB USD 2023(remaining six months) 799,014 110,578 2024 1,097,308 151,860 2025 825,821 114,288 2026 510,832 70,695 Total 3,232,975 447,421

Warrant liabilities

Warrant liabilities	6 Months Ended
	Jun. 30, 2023
Warrant Liabilities
Warrant liabilities	Note 14 — Warrant liabilities As of June 30, 2023, the Company had 5,750,000 270,500 The Company accounts for its outstanding Warrants in accordance with the guidance contained in ASC 815-40-15-7D and 7F. Management has determined that the Private Warrants do not meet the criteria for equity treatment and must be recorded as liabilities. Accordingly, the Company classifies the Private Warrants as liabilities at their fair value and adjusts the Private Warrants to fair value at each reporting period. Management has further determined that its Public Warrants qualify for equity treatment. Warrant liability is subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in our statements of operations. Public Warrants On June 24, 2021, the Company sold 5,750,000 10.00 Each Public Unit consists of one ordinary share of the Company, $0.0001 par value per share, one right and one redeemable warrant (the “Public Warrant”). Each Public Warrant entitles the holder to purchase one-half (1/2) of an ordinary share at an exercise price of $11.50 No public warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the warrants and a current prospectus relating to such ordinary shares. It is the Company’s current intention to have an effective and current registration statement covering the ordinary shares issuable upon exercise of the warrants and a current prospectus relating to such ordinary shares in effect promptly following consummation of an initial business combination. The Public Warrants became exercisable on September 16, 2022, the later of (a) the consummation of a Business Combination, which was September 16, 2022, or (b) 12 months from the effective date of the registration statement relating to the Initial Offering, which was June 21, 2021. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. The Company has agreed that as soon as practicable, but in no event later than 15 business days after the closing of a Business Combination, the Company will use its best efforts to file, and within 60 business days following a Business Combination to have declared effective, a registration statement covering the ordinary shares issuable upon exercise of the warrants. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the exercise of the Public Warrants is not effective within 60 days, the holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act. If an exemption from registration is not available, holders will not be able to exercise their Public Warrants on a cashless basis. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation. The Company may call the warrants for redemption (excluding the Private Warrants), in whole and not in part, at a price of $0.01 per warrant: ● at any time while the Public Warrants are exercisable, ● upon not less than 30 days’ prior written notice of redemption to each Public Warrant holder, ● if, and only if, the reported last sale price of the ordinary shares equals or exceeds $16.50 per share, for any 20 trading days within a 30-trading day period ending on the third trading day prior to the notice of redemption to Public Warrant holders, and ● if, and only if, there is a current registration statement in effect with respect to the issuance of the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless. Private Warrants Simultaneously with the closing of the Initial Public Offering, the Company consummated a private placement of 270,500 10.0

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 15 — Commitments and contingencies Contingencies From time to time, the Company is party to certain legal proceedings, as well as certain asserted and un-asserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements. The Company, along with its shareholder Joyous JD Limited, has initiated litigation in the New York Supreme Court New York County against Greenland Asset Management Corporation, the sponsor of the pre-business combination company, Golden Path Acquisition Corporation (“Sponsor”). 1. Joyous JD Limited is seeking damages in connection with the Sponsor’s breach of certain investment agreements which was executed by and between the Sponsor and Joyous JD Limited; 2. The Company is seeking damages in connection with the Sponsor’s noncompliant misuse of Form S-4 in registering shares during the course of the business combination, which resulted in a forced withdrawal of the Form S-4. The Company has commenced lawsuit seeking damages. The Court has accepted the complaint filed by the Company and Joyous JD Limited. Due to uncertainty over the process and outcome of the lawsuit, the final ruling of the Court shall prevail.

Shareholders_ equity

Shareholders’ equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Shareholders’ equity	Note 16 — Shareholders’ equity Ordinary shares The Company was established under the laws of Cayman Islands on November 10, 2020 with authorized shares of 500,000,000 0.0001 On January 6, 2021, the Company issued an aggregate of 1,150,000 25,000 On March 26, 2021, the Company issued an additional 287,500 On June 24, 2021, the Company sold 5,750,000 10.00 Simultaneously on June 24, 2021, the Company issued 270,500 270,500 10 Due to the Merger, public shareholders redeemed 2,182,470 At the Closing of the Business Combination, the Company issued 44,554,455 As of June 30, 2023, the Company had 50,812,035 0.0001 Restricted assets The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiary. Relevant PRC statutory laws and regulations permit payments of dividends by Beijing Xihuiyun and Shanghai Mengyun (collectively “Mengyun PRC entities”) only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying unaudited consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Mengyun PRC entities. Mengyun PRC entities are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition, Mengyun PRC entities may allocate a portion of its after-tax profits based on PRC accounting standards to an enterprise expansion fund and staff bonus and welfare fund at its discretion. Mengyun PRC entities may allocate a portion of its after-tax profits based on PRC accounting standards to a discretionary surplus fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by State Administration of Foreign Exchange. As a result of the foregoing restrictions, Mengyun PRC entities are restricted in their ability to transfer their assets to the Company. Foreign exchange and other regulations in the PRC may further restrict Mengyun PRC entities from transferring funds to the Company in the form of dividends, loans and advances. As of June 30, 2023, amounts restricted are the paid-in-capital and statutory reserve of Mengyun PRC entities, which amounted to RMB 41,106,881 6,121,025 Statutory reserve During the six months ended June 30, 2023 and 2022, Mengyun PRC entities collectively attributed RMB 0 and RMB 1,722,734 , of retained earnings for their statutory reserves, respectively.

Segments

Segments	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segments	Note 17 — Segments ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments. The Company’s chief operating decision maker is the Chief Executive Officer, who reviews the financial information of the separate operating segments when making decisions about allocating resources and assessing the performance of the group. The Company has determined that it has two operating segments: (1) holographic solutions, and (2) holographic technology service. The following tables present summary information by segment for the six months ended June 30, 2023 and 2022: Schedule of segments Holographic solutions Holographic technology service Total June 30, 2022 Total RMB RMB RMB USD Revenues 107,019,008 145,127,630 252,146,638 37,634,950 Cost of revenues (91,313,957 ) (35,062,312 ) (126,376,269 ) (18,862,693 ) Gross profit 15,705,051 110,065,318 125,770,369 18,772,257 Depreciation and amortization (1,273,588 ) (2,041,882 ) (3,315,470 ) 494,861 Total capital expenditures (1,812,133 ) - (1,812,133 ) (270,476 ) Holographic solutions Holographic technology service Total June 30, 2023 Total RMB RMB RMB USD Revenues 20,639,027 77,275,798 97,914,825 14,138,917 Cost of revenues (15,230,528 ) (32,724,181 ) (47,954,709 ) (6,924,668 ) Gross profit 5,408,499 44,551,617 49,960,116 7,214,249 Depreciation and amortization (3,525,947 ) - (3,525,947 ) (509,147 ) Total capital expenditures (345,488 ) - (345,488 ) (49,889 ) Total assets as of: December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Holographic solutions 200,456,129 178,063,283 24,642,708 Holographic technology service 81,665,772 74,962,758 10,374,320 Total assets 282,121,901 253,026,041 35,017,028 Disaggregated information of holographic solutions revenues by business lines are as follows: Schedule of Disaggregation Total for the six months ended June 30, 2022 Total for the six months ended June 30, 2023 Total for the six months ended June 30, 2023 RMB RMB USD Holographic Technology LiDAR Products 19,462,207 13,825,305 1,996,376 Holographic Technology Intelligence Vision software and Technology Development Service 12,768,490 1,907,888 275,499 Holographic Technology Licensing and Content Product 13,854,285 2,689,770 388,403 Holographic Hardware Sales 60,934,026 2,216,064 320,000 Total Holographic Solutions 107,019,008 20,639,027 2,980,278

Summary of significant accoun_2

Summary of significant accounting policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited interim condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”), regarding financial reporting, and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operation results. The results of operations for the six months ended June 30, 2023 are not necessarily indicative of results to be expected for any other interim period or for the full year of 2023. Accordingly, these unaudited interim condensed financial statements should be read in conjunction with the Company’s audited financial statements and note thereto as of and for the years ended December 31, 2022.
Principles of consolidation	Principles of consolidation The unaudited consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances between the Company and its subsidiaries are eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting power; or has the power to govern the financial and operating policies, to appoint or remove the majority of the members of the board of directors, or to cast a majority of votes at the meeting of directors.
Use of estimates and assumptions	Use of estimates and assumptions The preparation of unaudited interim condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the unaudited interim condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s unaudited interim condensed consolidated financial statements include the useful lives of property and equipment and intangible assets, impairment of long-lived assets and goodwill, allowance for doubtful accounts, provision for contingent liabilities, revenue recognition, deferred taxes and uncertain tax position, the fair value of contingent consideration related to business acquisitions. Actual results could differ from these estimates.
Foreign currency translation and other comprehensive income (loss)	Foreign currency translation and other comprehensive income (loss) The reporting currency of the audited consolidated financial statements for the December 31, 2022 is USD. The company has also presented USD for the period ended June 30, 2023 as additional information to the reader. As of June 30, 2023, which was the last business day of the registrant ’ The Company uses RMB as its reporting currency. The functional currency of MicroCloud, MC, Mengyun HK, Mcloudvr HK and Broadvision HK is in US dollars and the functional currency of the Company’s other subsidiaries is RMB, as determined based on the criteria of Accounting Standards Codification (“ASC”) 830 “Foreign Currency Matters.” In the unaudited interim condensed consolidated financial statements, the financial information of the Company and other entities located outside of the PRC has been translated into RMB. Assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period. The resulting foreign currency translation adjustment is recorded in other comprehensive income (loss). The balance sheet amounts, with the exception of shareholders’ equity for MC, Mengyun HK, Mcloudvr HK and Broadvision HK as of June 30, 2023 and December 31, 2022 were translated at RMB 1.00 to USD 0.1384 USD 0.1450
Convenience translation	Convenience translation Translations of balances in the unaudited interim condensed consolidated balance sheets, unaudited interim condensed consolidated statements of income and unaudited interim condensed consolidated statements of cash flows from RMB into USD as of and for the six months ended June 30, 2023 are solely for the convenience of the reader and were calculated at the rate of RMB 1.00 to USD 0.1384
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents primarily consist of bank deposits with original maturities of three months or less, which are unrestricted as to withdrawal and use. Cash and cash equivalents also consist of funds earned from the Company’s operating revenues which were held at third party platform fund accounts which are unrestricted as to immediate use or withdraw. The Company maintains most of its bank accounts in the PRC and HK.
Accounts receivable, net	Accounts receivable, net Accounts receivable include trade accounts due from customers. Accounts are considered overdue after 90 days. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate and provides allowance when necessary. The allowance is based on management’s best estimates of specific losses on individual customer exposures, as well as the historical trends of collections. Account balances are charged off against the allowance after all means of collection have been exhausted and the likelihood of collection is not probable.
Other receivables and prepaid expenses	Other receivables and prepaid expenses Other receivables that are short term in nature include employee advances to pay certain of the Company’s expenses in the normal course of business and certain short-term deposits. Prepaid expenses included utilities or system services. An allowance for doubtful accounts may be established and recorded based on management’s assessment of the likelihood of collection. Management reviews these items on a regular basis to determine if the allowance for doubtful accounts is adequate and adjusts the allowance when necessary. Delinquent account balances are written-off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.
Property plant and equipment, net	Property plant and equipment, net Property plant and equipment are stated at cost less accumulated depreciation and impairment if applicable. Depreciation is computed using the straight-line method over the estimated useful lives of the assets with 5% residual value. The estimated useful lives are as follows: Schedule of estimated useful lives Useful Life Office equipment 3 Office furniture and fixtures 3 5 Leasehold improvements 1 2
Cost method investments	Cost method investments The Company accounts for investments with less than 20% of the voting shares and does not have the ability to exercise significant influence over operating and financial policies of the investee using the cost method. The Company records cost method investments at the historical cost in its condensed consolidated financial statements and subsequently records any dividends received from the net accumulated earnings of the investee as income. Dividends received in excess of earnings are considered a return of investment and are recorded as reduction in the cost of the investments. Cost method investments are evaluated for impairment when facts or circumstances indicate that the fair value of the long-term investments is less than its carrying value. An impairment is recognized when a decline in fair value is determined to be other-than-temporary. The Company reviews several factors to determine whether a loss is other-than-temporary. These factors include, but are not limited to, the: (i) nature of the investment; (ii) cause and duration of the impairment; (iii) extent to which fair value is less than cost; (iv) financial condition and near term prospects of the investments; and (v) ability to hold the security for a period of time sufficient to allow for any anticipated recovery in fair value.
Intangible assets, net	Intangible assets, net The Company’s intangible assets with definite useful lives primarily consist of customer relationships, software, and non-competing agreements. Identifiable intangible assets resulting from the acquisitions of subsidiaries accounted for using the purchase method of accounting are estimated by management based on the fair value of assets received. The Company amortizes its intangible assets with definite useful lives over their estimated useful lives and reviews these assets for impairment. The Company typically amortizes its intangible assets with definite useful lives on a straight-line basis over the shorter of the contractual terms or the estimated useful lives of three to ten years.
Goodwill	Goodwill Goodwill represents the excess of the consideration paid of an acquisition over the fair value of the net identifiable assets of the acquired subsidiaries at the date of acquisition. Goodwill is not amortized and is tested for impairment at least annually, more often when circumstances indicate impairment may have occurred. Goodwill is carried at cost less accumulated impairment losses. If impairment exists, goodwill is immediately written off to its fair value and the loss is recognized in the consolidated statements of operations and comprehensive loss. Impairment losses on goodwill are not reversed. The Company reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist annually or more frequently if events and circumstances indicate that it is more likely than not that an impairment has occurred. The Company has the option to assess qualitative factors to determine whether it is necessary to perform further impairment testing in accordance with ASC 350-20, as amended by ASU 2017-04. If the Company believes, as a result of the qualitative assessment, that it is more likely than not that the fair value of the reporting unit is less than its carrying amount, then the impairment test described below is required. The Company compares the fair values of each reporting unit to its carrying amount, including goodwill. If the fair value of each reporting unit exceeds its carrying amount, goodwill is not considered to be impaired. If the carrying amount of a reporting unit exceeds its fair value, impairment is recognized for the difference, limited to the amount of goodwill recognized for the reporting unit. Estimating fair value is performed by utilizing various valuation techniques, with the primary technique being a discounted cash flow.
Business combination	Business combination The purchase price of an acquired company is allocated between tangible and intangible assets acquired and liabilities assumed from the acquired business based on their estimated fair values, with the residual of the purchase price recorded as goodwill. Transaction costs associated with business combinations are expensed as incurred, and are included in general and administrative expenses in the Company’s consolidated statements of operations. The results of operations of the acquired business are included in the Company’s operating results from the date of acquisition.
Fair value measurement	Fair value measurement The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. ● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.
Warrants liabilities	Warrants liabilities The Company accounts for warrants (Public Warrants or Private Warrants) as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding. For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations. The Company has elected to account for its Public Warrants as equity and the Private Warrants as liabilities.
Revenue recognition	Revenue recognition Effective January 1, 2019, the Company adopted ASC Topic 606 using the modified retrospective adoption method. Based on the requirements of ASC Topic 606, revenue is recognized when control of the promised goods or services is transferred to the customers in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods or services. Revenue is recognized when the following 5-step revenue recognition criteria are met: 1) Identify the contract with a customer 2) Identify the performance obligations in the contract 3) Determine the transaction price 4) Allocate the transaction price 5) Recognize revenue when or as the entity satisfies a performance obligation The Company’s revenue recognition policies effective upon the adoption of ASC 606 are as follows: (i) Holographic Solutions a. Holographic Technology LiDAR Products The Company generates light detection and ranging (“LiDAR”) revenue through selling integrated circuit board embedded with holographic software. The Company typically enters into written contracts with its customer where the rights of the parties, including payment terms, are identified and sales prices to the customers are fixed with no separate sales rebate, discount, or other incentive and no right of return exists on sales of inventory. The Company’s performance obligation is to deliver products according to contract specifications. The Company recognizes product revenue at a point in time when the control of products is transferred to customers. b. Holographic Technology Intelligence Vision software and Technology Development Service The Company generates revenue by developing advanced driver assistance systems (“ADAS”) software and technology, which are generally on a fixed-priced basis. The Company has no alternative use for the customized software and the Company has an enforceable right to payment for performance completed to date. Revenues from ADAS software development contracts are recognized over time during the contract period based on the Company’s measurement of progress towards completion using input method, which is usually measured by comparing labor hours expended to date to total estimated labor hours needed to satisfy the performance obligation. As of June 30, 2023 and December 31, 2022, the Company’s aggregate amounts of transaction price allocated to unsatisfied performance obligation are RMB 0 465,800 c. Holographic Technology Licensing and Content Products The Company provides holographic content products and holographic software for music videos, shows, and commercials on a fixed-price basis. These contents and software are generally pre-developed and exist when made available to the customer. Content products are delivered through its website or offline using hard drive. Revenues from licensing and content products are recognized at the point in time when the control of products or services is transferred to customers. No upgrades, maintenance, or any other post-contract customer support are provided. d. Holographic Technology Hardware Sales The Company is a distributer of holographic hardware and generates revenue through resale. In accordance with ASC 606, revenue recognition: principal agent consideration, an entity is a principal if it controls the specified good or service before that good or service is transferred to a customer. Otherwise, the entity is an agent in the transaction. The Company evaluates three indicators of control in accordance with ASU 2016-08: 1) For hardware sales, the Company is the most visible entity to customers and assumes fulfilment risk and risks related to the acceptability of products, including addressing customer complaints directly and handling of product returns or refunds directly. 2) The Company assumes inventory risk after taking the title from vendors and is responsible for product damage during shipment period prior to acceptance of its customers and is also responsible for product return if the customer is not satisfied with the products. 3) The Company determines the resale price of hardware products. 4) The Company is the party that directs the use of the inventory and can prevent the vendor from transferring the product to a customer or to redirect the products to a different customer. After evaluating the above scenario, the Company considers itself the principal of these arrangements and records hardware sales revenue on a gross basis. Hardware sales contracts are on a fixed price basis with no separate sales rebate, discount, or other incentive. Revenue is recognized at a point in time when the Company has delivered products and the acceptance by its customer with no future obligation. The Company generally permits returns of products due to deficits; however, returns are historically insignificant. (ii) Holographic Technology Service Holographic advertisements are the use of holographic technology integrated into advertisements on media platforms and offline display. The Company enters advertising contracts with advertisers to promote merchandises and services where the price, which is generally based on cost per action (“CPA”), is fixed and determinable. The Company provides its advertising service to channel providers where the amounts cost per action are also fixed and determinable. Revenue is recognized at a point of time when agreed actions are performed. The Company considers itself as provider of the services under the CPA model as it has the control of the services at any time before it is transferred to the customers which is evidenced by 1) having a right to a service to be performed by the other party, which gives the Company the ability to direct that party to provide the service to the customers on the Company’s behalf. 2) having discretion in setting the price for the service 3) billing monthly advertising fee directly to customers by settling valid CPA data with customers. Therefore, the Company acts as the principal of these arrangements and reports revenue earned and costs incurred related to these transactions on a gross basis. The Company also provides advertisement services through influencers on social networks. The Company charges advertisers a fixed rate, which is generally a fixed percentage of total value of merchandise sold over a specific period (“GMV”). Revenue is recognized at a point of time when merchandise is sold through social network. The Company’s software development kit (“SDK”) service is a collection of software development tools in one installable package that enables customers (usually software developers) to add holographic functionality and run holographic advertisements in their APPs or software. SDK contracts are primarily on a fixed rate basis, or cost per SDK Connection. The Company recognizes SDK service revenue at a point in time when a user completes an SDK connection via a designated portal. Service fees are generally billed monthly based on per-connection basis. The Company also provides game promotion services for game developers and licensed game operators. The Company acted as a marketing channel that it will promote the games through in-house or third-party platforms, from which users can download the mobile and purchase virtual currency for in game premium features to enhance their game playing experience. The Company contracts with third party payment platforms for collection services offered to game players who have purchased virtual currency. The game developers, licensed operator, payment platforms and the marketing channels are entitled to profit sharing based on a prescribed percentage of the gross amount charged to the game players. The Company’s obligation in the promotion services is completed at a point in time when the game players made a payment to purchase virtual currency. The Company considered itself an agent in these arrangements since it does not control the services at any time. Accordingly, the Company records the game promotion service revenue on a net basis.
Contract balances	Contract balances The Company records receivable related to revenue when it has an unconditional right to invoice and receive payment. Payments received from customers before all of the relevant criteria for revenue recognition met are recorded as deferred revenue.
Cost of revenues	Cost of revenues For holographic solutions, the cost of revenue consists primarily of the costs of hardware products sold and outsourced content providers, third party software development costs, and compensation expenses for the Company’s professionals. For holographic technology service, the cost of revenue consists primarily of costs paid to channel distributors for advertising services and compensation expenses for the Company’s professionals.
Cost allocation	Cost allocation Cost allocation include allocation of certain general and administrative and financial expenses paid by the Parent. General and administrative expenses consist primarily salary and related expenses of senior management and employees, shared management expenses, including accounting, consulting, legal support services, and other expenses to provide operating support to the related businesses. These allocations are made using a proportional cost allocation method by considering the proportion of revenues, headcounts as well as estimates of time spent on the provision of services attributable to the Company and the related expenses resulted from the acquisition of subsidiary.
Research and development	Research and development Research and development expenses include salaries and other compensation-related expenses to the Company’s research and product development personnel, outsourced subcontractors, as well as office rental, depreciation and related expenses for the Company’s research and product development team.
Value added taxes (“VAT”)	Value added taxes (“VAT”) Revenue represents the invoiced value of service, net of VAT. The VAT is based on gross sales price and VAT rates range up to 13% in China, depending on the type of service provided or product sold. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded in tax payable. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities for five years from the date of filing.
Income taxes	Income taxes The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred taxes is accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the condensed consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. No penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. PRC tax returns filed are subject to examination by any applicable tax authorities.
Other Income	Other Income Other Income primary includes government subsidies which are amounts granted by local government authorities as an incentive for companies to promote development of the local technology industry. The Company receives government subsidies related to government sponsored projects, and records such government subsidies as a liability when it is received. The Company records government subsidies as other income when there is no further performance obligation.
Leases	Leases The Company adopted FASB ASU 2016-02, “Leases” (Topic 842) for the year ended December 31, 2020, and elected the practical expedients that does not require us to reassess: (1) whether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. For lease terms of twelve months or fewer, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. The Company also adopted the practical expedient that allows lessees to treat the lease and non-lease components of a lease as a single lease component. Operating lease ROU assets and lease liabilities are recognized at the adoption date or the commencement date, whichever is earlier, based on the present value of lease payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company use its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term. Lease terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable certainty at lease inception that these options will be exercised. The Company generally considers the economic life of its operating lease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term. The Company reviews the impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested asset group and include the associated operating lease payments in the undiscounted future pre-tax cash flows.
Employee benefit	Employee benefit The full-time employees of the Company are entitled to staff welfare benefits including medical care, housing fund, pension benefits, unemployment insurance and other welfare, which are government mandated defined contribution plans. The Company is required to accrue for these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with the relevant PRC regulations, and make cash contributions to the state-sponsored plans out of the amounts accrued.
Earnings/(loss) per share	Earnings/(loss) per share The Company computes earnings/loss per share (“EPS”) in accordance with ASC 260, “Earnings per Share”. ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income/loss divided by the weighted average ordinary share outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
Statutory reserves	Statutory reserves Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end). If the Company has accumulated loss from prior periods, the Company is able to use the current period net income after tax to offset against the accumulate loss.
Segment reporting	Segment reporting FASB ASC 280, Segment Reporting, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Company’s CODM has been identified as the CEO, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In May 2019, the FASB issued ASU 2019-05, which is an update to ASU Update No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which introduced the expected credit losses methodology for the measurement of credit losses on financial assets measured at amortized cost basis, replacing the previous incurred loss methodology. The amendments in Update 2016-13 added Topic 326, Financial Instruments — Credit Losses, and made several consequential amendments to the Codification. Update 2016-13 also modified the accounting for available-for-sale debt securities, which must be individually assessed for credit losses when fair value is less than the amortized cost basis, in accordance with Subtopic 326-30, Financial Instruments — Credit Losses — Available-for-Sale Debt Securities. The amendments in this Update address those stakeholders’ concerns by providing an option to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost basis. For those entities, the targeted transition relief will increase comparability of financial statement information by providing an option to align measurement methodologies for similar financial assets. Furthermore, the targeted transition relief also may reduce the costs for some entities to comply with the amendments in Update 2016-13 while still providing financial statement users with decision-useful information. In November 2019, the FASB issued ASU No. 2019-10, which to update the effective date of ASU No. 2016-02 for private companies, not-for-profit organizations and certain smaller reporting companies applying for credit losses, leases, and hedging standard. The new effective date for these preparers is for fiscal years beginning after December 15, 2022. The adoption of this ASU does not have a material effect on the Company’s condensed consolidated financial statements. Except as mentioned above, the Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.

Nature of business and organi_2

Nature of business and organization (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of accompanying consolidated financial statements	Schedule of accompanying consolidated financial statements Name Background Ownership MC Hologram Inc (“MC”) - A Cayman Islands company 100% owned by MicroCloud - Formed on November 10, 2020 - Registered capital of USD 50,000 Quantum Edge HK Limited (“Mengyun HK”) - A Hong Kong company 100% owned by MC - Formed on November 25, 2020 - Registered capital of HK 10,000 (USD 1,290) - A holding company Beijing Xihuiyun Technology Co., Ltd (“Beijing Xihuiyun”) - PRC limited liability company 100% owned by Mengyun HK - Formed on May 11, 2021 - Registered capital of RMB 207,048,000 (USD 30,000,000) - A holding company Shanghai Mengyun Holographic Technology Co., Ltd. (“Shanghai Mengyun”) - A PRC limited liability company 81.63% owned by Beijing Xihuiyun and 18.37% owned by Mengyun HK - Formed on March 24, 2016 - Registered capital of RMB 27,000,000 (USD 4,316,665) - Primarily engages in holographic integrated solutions. Shenzhen Mengyun Holographic Technology Co., Ltd. (“Shenzhen Mengyun”) - A PRC limited liability company 100% owned by Shanghai Mengyun - Formed on March 15, 2016 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic integrated solutions. Shenzhen Qianhai Youshi Technology Co., Ltd. (“Qianhai Youshi”) - A PRC limited liability company 100% owned by Shanghai Mengyun - Formed on August 14, 2014 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic content sales and SDK software services. Shenzhen Yijia Network Technology Co., Ltd. (“Yijia Network”) - A PRC limited liability company 100% owned by Qianhai Youshi - Formed on September 25, 2008 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic content sales and SDK software services. Name Background Ownership Horgos Youshi Network Technology Co., Ltd. (“Horgos Youshi”) - A PRC limited liability company 100% owned by Qianhai Youshi - Formed on November 2, 2020 - Registered capital of RMB 1,000,000 (USD 153,846) - Primarily engages in holographic content sales and SDK software services. Horgos Weiyi Software Technology Co., Ltd. (“Horgos Weiyi”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on September 6, 2016 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic integrated solutions. Shenzhen BroadVision Technology Co., Ltd. (“Shenzhen Bowei”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on April 12, 2016 - Registered capital of RMB 10,000,000 (USD 1,538,461) - Primarily engages in holographic PCBA solutions. Mcloudvr Software Network Technology HK Co., Limited (“Mcloudvr HK”) - A Hong Kong company 100% owned by Shenzhen Mengyun - Formed on February 2, 2016 - Registered capital of HKD 100,000 (USD 12,882) - Primarily engages in holographic integrated solutions. Shenzhen Tianyuemeng Technology Co., Ltd. (“Shenzhen Tianyuemeng”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on January 6, 2014 - Registered capital of RMB 20,000,000 (USD 3,076,922) - Primarily engages in holographic advertising services. Shenzhen Yunao Hongxiang Technology Co., Ltd. (“Shenzhen Yunao”) - A PRC limited liability company 100% owned by Shenzhen Mengyun - Formed on December 3, 2021 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Broadvision Intelligence (Hong Kong), Ltd. (“Broadvision HK”) - A Hong Kong company 100% owned by Shenzhen Bowei - Formed on November 5, 2020 - Registered capital of HKD 10,000 (USD 1,288) - No operation Name Background Ownership Horgos BroadVision Technology Co., Ltd. (“Horgos Bowei”) - A PRC limited liability company 100% owned by Shenzhen Bowei - Formed on November 4, 2020 - Registered capital of RMB 1,000,000 (USD 153,846) - Primarily engages in holographic PCBA solutions. Horgos Tianyuemeng Technology Co., Ltd. (“Horgos Tianyuemeng”) - A PRC limited liability company 100% owned by Shenzhen Tianyuemeng - Formed on October 23, 2020 - Registered capital of RMB 1,000,000 (USD 153,846) - Primarily engages in SDK software services. Horgos Tianyuemeng Technology Co., Ltd.-Shenzhen Branch (“Horgos Tianyuemeng-SZ”) - A PRC limited liability company 100% owned by Horgos Tianyuemeng - Formed on March 19, 2021 - Registered capital of RMB 1,000,000 (USD 153,846) - No operation - Dissolved on December 10, 2021 Shanghai Mengyun Quanyou Vision Technology Co., Ltd (“Shanghai Quanyou”) - A PRC limited liability company 100% owned by Shanghai Mengyun - Formed on June 24, 2021 - Registered capital of RMB 1,000,000 (USD 153,846) - No operation - Dissolved on September 1, 2021 Ocean Cloud Technology Co., Limited. (“Ocean HK”) - A Hong Kong company 56% owned by Mcloudvr HK - Formed on November 4, 2021 - Registered capital of HKD 10,000 (USD 1,288) - No operation Shenzhen Haiyun Xinsheng Technology Co., Ltd. (“Shenzhen Haiyun”) - A PRC limited liability company 100% owned by Ocean HK - Formed on December 3, 2021 - Registered capital of RMB 50,000,000 (USD 7,846,707) - No operation Shenzhen Tata Mutual Entertainment Information Technology Co., Ltd. (“Shenzhen Tata”) - A PRC limited liability company 100% owned by Shenzhen Haiyun - Formed on January 16, 2020 - Sold on June 30, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Game promotion service Name Background Ownership Shenzhen Youmi Technology Co., Ltd. (“Shenzhen Youmi”) - A PRC limited liability company 100% owned by Shenzhen Haiyun - Formed on January 29, 2022 - Sold on May 31, 2023 - Registered capital of RMB 5,000,000 (USD 784,671) - Game promotion and advertising service Shenzhen Yushian Technology Co., Ltd. (“Shenzhen Yushi”) - A PRC limited liability company 100% owned by Shenzhen Haiyun - Formed on February 18, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Horgos Tata Mutual Entertainment Information Technology Co., Ltd. (“Horgos Tata”) - A PRC limited liability company 100% owned by Shenzhen Tata - Formed on March 22, 2022 - Sold on June 30, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Game promotion service Horgos Youmi Technology Co., Ltd. (“Horgos Youmi”) - A PRC limited liability company 100% owned by Shenzhen Youmi - Formed on March 17, 2022 - Sold on May 31, 2023 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Horgos Yushian Technology Co., Ltd. (“Horgos Yushi”) - A PRC limited liability company 100% owned by Shenzhen Yushi - Formed on March 24, 2022 - Registered capital of RMB 5,000,000 (USD 784,671) - Advertising service Kashgar Youshi Information Technology Co., Ltd. (“Kashgar Youshi”) - A PRC limited liability company 100% owned by Qianhai Youshi - Formed on May 5, 2016 - Registered capital of RMB 5,000,000 (USD 769,230) - Primarily engages in holographic content sales and SDK software services.

Summary of significant accoun_3

Summary of significant accounting policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of estimated useful lives	Schedule of estimated useful lives Useful Life Office equipment 3 Office furniture and fixtures 3 5 Leasehold improvements 1 2

Accounts receivable, net (Table

Accounts receivable, net (Tables)	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
Schedule of Accounts receivable, net	Schedule of Accounts receivable, net December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Accounts receivable 85,215,404 85,947,341 11,894,509 Less: allowance for doubtful accounts (4,862,941 ) (20,534,926 ) (2,841,890 ) Accounts receivable, net 80,352,463 65,412,415 9,052,619
Schedule of allowance for doubtful accounts	Schedule of allowance for doubtful accounts December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Beginning balance 1,886,467 4,862,941 705,060 Provision for doubtful accounts 2,976,474 15,671,985 2,263,037 Exchange rate difference - - (126,207 ) Ending balance 4,862,941 20,534,926 2,841,890

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of inventories	Schedule of inventories December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Raw materials 1,816,058 1,976,122 273,482 Finished goods 118,350 54,685 7,568 Total 1,934,408 2,030,807 281,050 Less: Inventory allowance (176,459 ) (176,459 ) (24,421 ) Inventories, net 1,757,949 1,854,348 256,629

Property and equipment, net (Ta

Property and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and equipment, net	Schedule of Property and equipment, net December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Office equipment 1,140,456 1,140,456 157,831 Mechanical equipment 1,059,178 1,059,178 146,583 Electronic and other equipment 2,454,537 2,800,025 387,503 Vehicles 43,982 43,982 6,087 Subtotal 4,698,153 5,043,641 698,004 Less: accumulated depreciation (3,050,277 ) (3,387,018 ) (468,739 ) Total 1,647,876 1,656,623 229,265

Intangible assets, net (Tables)

Intangible assets, net (Tables)	6 Months Ended
	Jun. 30, 2023
Intangible Assets Net
Schedule of Intangible assets, net	Schedule of Intangible assets, net December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Customer relationships 13,300,000 13,300,000 1,840,627 Software 14,745,632 14,745,632 2,040,692 Non-compete agreement 2,300,000 2,300,000 318,304 Subtotal 30,345,632 30,345,632 4,199,623 Less: accumulated amortization (14,969,109 ) (18,158,314 ) (2,512,984 ) Intangible assets, net 15,376,524 12,187,318 1,686,639
Schedule of estimated annual amortization expense	Schedule of estimated annual amortization expense Twelve months ending June 30, Estimated amortization expense Estimated amortization expense RMB USD 2023 3,118,895 431,633 2024 4,600,734 636,709 2025 4,467,080 618,213 2026 609 84 Thereafter - - Total 12,187,318 1,686,639

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Schedule of Goodwill December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Goodwill from Shenzhen Bowei acquisition* 9,729,086 9,729,086 1,346,438 Goodwill from Shenzhen Tianyuemeng acquisition** 11,426,811 11,426,811 1,581,390 Goodwill 21,155,897 21,155,897 2,927,828 * On July 1, 2020, Shenzhen Mengyun entered into acquisition agreement to acquire 100% equity interests of Shenzhen Bowei, a provider of holographic PCBA solutions. The transaction consummated on July 1, 2020. According to the agreement, acquisition consideration is RMB 20,000,000 (approximately USD 3.1 million) to acquire the 100% equity interests of Shenzhen Bowei. Acquired amortizable intangible assets includes customer relationship, software, and non-compete agreements. Approximately RMB 9.7 million (USD 1.5 million) of goodwill arising from the acquisition is mainly attributable to the excess of the consideration paid over the fair value of the net assets acquired that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprise (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition. ** On October 1, 2020, Shenzhen Mengyun entered into acquisition agreement to acquire 100% equity interests of Shenzhen Tianyuemeng, an entity focused on holographic advertising services. The transaction consummated on October 1, 2020. According to the agreement, acquisition consideration is RMB 30,000,000 (approximately USD 4.6 million) to acquire the 100% equity interests of Shenzhen Tianyuemeng. Acquired amortizable intangible assets includes customer relationship, software, and non-compete agreements. Approximately RMB 11.4 million (USD 1.8 million) of goodwill arising from the acquisition is mainly attributable to the excess of the consideration paid over the fair value of the net assets acquired that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprise (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition.
Schedule of goodwill reportable segments	Schedule of goodwill reportable segments Holographic solutions Holographic technology service Total Total RMB RMB RMB USD As of December 31, 2022 9,729,086 11,426,811 21,155,897 3,067,317 As of June 30, 2023 9,729,086 11,426,811 21,155,897 2,927,828

Investments in unconsolidated_2

Investments in unconsolidated entities (Tables)	6 Months Ended
	Jun. 30, 2023
Schedule of Investments [Abstract]
Schedule of investments	Schedule of investments December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Equity investments without readily determinable fair value: 19.9% Investment (1) 2,000,000 2,000,000 276,786 4.4% Investment (2) 500,000 500,000 69,196 5% Investment (3) 600,000 600,000 83,036 3% Investment (4) 1,000,000 1,000,000 138,393 2% Investment (5) - 600,000 83,036 Impairment (4,100,000 ) (4,100,000 ) (567,411 ) Total - 600,000 83,036 (1) In August 2016, Shenzhen Mengyun invested RMB 2,000,000 in a company in the technology development and animation design areas for 19.9% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 2,000,000 (USD 306,645) impairment loss for the investment in 2018. (2) In November 2015, Shanghai Mengyun invested RMB 500,000 in a company in the database service for 4.44% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 500,000 (USD 76,661) impairment loss for the investment in 2018 (3) In September 2021, Shenzhen Mengyun invested RMB 600,000 in a company specializing in research and development of smart wearable devices for 5% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 600,000 (USD 89,166) impairment loss for the investment in 2022. (4) In October 2021, Shenzhen Mengyun invested RMB 1,000,000 in a company specializing in VR/AR education technology for 3% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 1,000,000 (USD 148,611) impairment loss for the investment in 2022. (5) In March 2023, Shenzhen Mengyun invested RMB 600,000 in a company in the technology development and animation design areas for 2% equity interest.

Other payables and accrued li_2

Other payables and accrued liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Other payables and accrued liabilities	Schedule of Other payables and accrued liabilities December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Salary payables 6,875,285 6,658,487 921,488 Other payables and accrued expenses 6,674,268 6,773,998 937,474 Total other payables and accrued liabilities 13,549,553 13,432,485 1,858,962

Related party balances and tr_2

Related party balances and transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
Schedule of related parties	Schedule of related parties Name of Related Parties Relationship Nature December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Shenzhen Ultimate Holographic Culture Communication Co., Ltd Shenzhen Mengyun’s 19.9% equity investment Advances for operational purposes, no interest, due on demand 60,280 - - Total: 60,280 - - The amounts due to related parties consists of the following: Name of Related Parties Relationship Nature December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Yuxiu Han. Former shareholder and current legal representative of Shenzhen Bowei Advances for operational purpose, no interest, due on demand 350,000 - - Total: 350,000 - -

Taxes (Tables)

Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of income tax expense benefit	Schedule of income tax expense benefit For the June 30, 2022 For the June 30, 2023 For the June 30, 2023 RMB RMB USD Current (15,989 ) 50,007 7,221 Deferred 1,685,750 943,920 136,302 Benefit of income taxes 1,669,761 993,927 143,523
Schedule of deferred tax assets and liabilities	Schedule of deferred tax assets and liabilities December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Deferred tax assets: Allowance for doubtful accounts 256,868 202,764 28,061 Impairment loss for investment 240,000 240,000 33,214 Net operating loss carry forward 3,409,722 5,354,785 741,065 Inventory reserve 26,469 26,469 3,663 Right of use 14,110 18,201 2,519 Less :valuation allowance (3,054,301 ) (4,279,816 ) (592,297 ) Deferred tax assets, net 892,868 1,562,403 216,225 Deferred tax liabilities: Recognition of intangible assets arising from business combinations 1,999,387 1,725,002 238,728 Deferred tax liabilities, net 1,999,387 1,725,002 238,728 Total deferred tax liabilities, net 1,106,519 162,599 22,503
Schedule of Taxes payable	Schedule of Taxes payable December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) VAT taxes payable 49,655 175,154 24,240 Income taxes payable 473,565 400,068 55,367 Other taxes payable 79,034 28,813 3,987 Totals 602,254 604,035 83,594

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of lease liabilities	Schedule of lease liabilities Twelve Months Ending December 31, Operating Lease Amount Operating Lease Amount RMB USD 2023(remaining six months) 1,275,719 176,551 2024 1,252,317 173,312 2025 962,477 133,200 2026 579,793 80,239 Total lease payments 4,070,306 563,302 Less: Interest (694,731 ) (96,146 ) Present value of lease liabilities 3,375,575 467,156
Schedule of Future amortization of Company’s ROU assets	Schedule of Future amortization of Company’s ROU assets Twelve Months Ending December 31, Operating Lease Amount Operating Lease Amount RMB USD 2023(remaining six months) 799,014 110,578 2024 1,097,308 151,860 2025 825,821 114,288 2026 510,832 70,695 Total 3,232,975 447,421

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Schedule of segments	Schedule of segments Holographic solutions Holographic technology service Total June 30, 2022 Total RMB RMB RMB USD Revenues 107,019,008 145,127,630 252,146,638 37,634,950 Cost of revenues (91,313,957 ) (35,062,312 ) (126,376,269 ) (18,862,693 ) Gross profit 15,705,051 110,065,318 125,770,369 18,772,257 Depreciation and amortization (1,273,588 ) (2,041,882 ) (3,315,470 ) 494,861 Total capital expenditures (1,812,133 ) - (1,812,133 ) (270,476 ) Holographic solutions Holographic technology service Total June 30, 2023 Total RMB RMB RMB USD Revenues 20,639,027 77,275,798 97,914,825 14,138,917 Cost of revenues (15,230,528 ) (32,724,181 ) (47,954,709 ) (6,924,668 ) Gross profit 5,408,499 44,551,617 49,960,116 7,214,249 Depreciation and amortization (3,525,947 ) - (3,525,947 ) (509,147 ) Total capital expenditures (345,488 ) - (345,488 ) (49,889 ) Total assets as of: December 31, 2022 June 30, 2023 June 30, 2023 RMB RMB USD (Audited) Holographic solutions 200,456,129 178,063,283 24,642,708 Holographic technology service 81,665,772 74,962,758 10,374,320 Total assets 282,121,901 253,026,041 35,017,028
Schedule of Disaggregation	Schedule of Disaggregation Total for the six months ended June 30, 2022 Total for the six months ended June 30, 2023 Total for the six months ended June 30, 2023 RMB RMB USD Holographic Technology LiDAR Products 19,462,207 13,825,305 1,996,376 Holographic Technology Intelligence Vision software and Technology Development Service 12,768,490 1,907,888 275,499 Holographic Technology Licensing and Content Product 13,854,285 2,689,770 388,403 Holographic Hardware Sales 60,934,026 2,216,064 320,000 Total Holographic Solutions 107,019,008 20,639,027 2,980,278

Nature of business and organi_3

Nature of business and organization (Details)	6 Months Ended
	Jun. 30, 2023
M C Hologram Inc MC [Member]
Restructuring Cost and Reserve [Line Items]
Name	MC Hologram Inc (“MC”)
Ownership	100% owned by MicroCloud
Background	Registered capital of USD 50,000
Quantum Edge HK Limited [Member]
Restructuring Cost and Reserve [Line Items]
Name	Quantum Edge HK Limited (“Mengyun HK”)
Ownership	100% owned by MC
Background	Registered capital of HK 10,000 (USD 1,290)
Beijing Xihuiyun Technology Co [Member]
Restructuring Cost and Reserve [Line Items]
Name	Beijing Xihuiyun Technology Co., Ltd (“Beijing Xihuiyun”)
Ownership	100% owned by Mengyun HK
Background	Registered capital of RMB 207,048,000 (USD 30,000,000)
Shanghai Mengyun Holographic Technology Co [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shanghai Mengyun Holographic Technology Co., Ltd. (“Shanghai Mengyun”)
Ownership	81.63% owned by Beijing Xihuiyun and 18.37% owned by Mengyun HK
Background	Registered capital of RMB 27,000,000 (USD 4,316,665)
Shenzhen Mengyun Holographic Technology Co [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Mengyun Holographic Technology Co., Ltd. (“Shenzhen Mengyun”)
Ownership	100% owned by Shanghai Mengyun
Background	Registered capital of RMB 10,000,000 (USD 1,538,461)
Shenzhen Qianhai Youshi Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Qianhai Youshi Technology Co., Ltd. (“Qianhai Youshi”)
Ownership	100% owned by Shanghai Mengyun
Background	Registered capital of RMB 10,000,000 (USD 1,538,461)
Shenzhen Yijia Network Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Yijia Network Technology Co., Ltd. (“Yijia Network”)
Ownership	100% owned by Qianhai Youshi
Background	Registered capital of RMB 10,000,000 (USD 1,538,461)
Horgos Youshi Network Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Youshi Network Technology Co., Ltd. (“Horgos Youshi”)
Ownership	100% owned by Qianhai Youshi
Background	Registered capital of RMB 1,000,000 (USD 153,846)
Horgos Weiyi Software Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Weiyi Software Technology Co., Ltd. (“Horgos Weiyi”)
Ownership	100% owned by Shenzhen Mengyun
Background	Registered capital of RMB 10,000,000 (USD 1,538,461)
Shenzhen Broad Vision Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen BroadVision Technology Co., Ltd. (“Shenzhen Bowei”)
Ownership	100% owned by Shenzhen Mengyun
Background	Registered capital of RMB 10,000,000 (USD 1,538,461)
Mcloudvr Software Network Technology HK Co Limited [Member]
Restructuring Cost and Reserve [Line Items]
Name	Mcloudvr Software Network Technology HK Co., Limited (“Mcloudvr HK”)
Ownership	100% owned by Shenzhen Mengyun
Background	Registered capital of HKD 100,000 (USD 12,882)
Shenzhen Tianyuemeng Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Tianyuemeng Technology Co., Ltd. (“Shenzhen Tianyuemeng”)
Ownership	100% owned by Shenzhen Mengyun
Background	Registered capital of RMB 20,000,000 (USD 3,076,922)
Shenzhen Yunao Hongxiang Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Yunao Hongxiang Technology Co., Ltd. (“Shenzhen Yunao”)
Ownership	100% owned by Shenzhen Mengyun
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Broadvision Intelligence Hong Kong Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Broadvision Intelligence (Hong Kong), Ltd. (“Broadvision HK”)
Ownership	100% owned by Shenzhen Bowei
Background	Registered capital of HKD 10,000 (USD 1,288)
Horgos Broad Vision Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos BroadVision Technology Co., Ltd. (“Horgos Bowei”)
Ownership	100% owned by Shenzhen Bowei
Background	Registered capital of RMB 1,000,000 (USD 153,846)
Horgos Tianyuemeng Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Tianyuemeng Technology Co., Ltd. (“Horgos Tianyuemeng”)
Ownership	100% owned by Shenzhen Tianyuemeng
Background	Registered capital of RMB 1,000,000 (USD 153,846)
Horgos Tianyuemeng Technology Co Ltd Shenzhen Branch [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Tianyuemeng Technology Co., Ltd.-Shenzhen Branch (“Horgos Tianyuemeng-SZ”)
Ownership	100% owned by Horgos Tianyuemeng
Background	Registered capital of RMB 1,000,000 (USD 153,846)
Shanghai Mengyun Quanyou Vision Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shanghai Mengyun Quanyou Vision Technology Co., Ltd (“Shanghai Quanyou”)
Ownership	100% owned by Shanghai Mengyun
Background	Registered capital of RMB 1,000,000 (USD 153,846)
Ocean Cloud Technology Co Limited [Member]
Restructuring Cost and Reserve [Line Items]
Name	Ocean Cloud Technology Co., Limited. (“Ocean HK”)
Ownership	56% owned by Mcloudvr HK
Background	Registered capital of HKD 10,000 (USD 1,288)
Shenzhen Haiyun Xinsheng Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Haiyun Xinsheng Technology Co., Ltd. (“Shenzhen Haiyun”)
Ownership	100% owned by Ocean HK
Background	Registered capital of RMB 50,000,000 (USD 7,846,707)
Shenzhen Tata Mutual Entertainment Information Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Tata Mutual Entertainment Information Technology Co., Ltd. (“Shenzhen Tata”)
Ownership	100% owned by Shenzhen Haiyun
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Shenzhen Youmi Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Youmi Technology Co., Ltd. (“Shenzhen Youmi”)
Ownership	100% owned by Shenzhen Haiyun
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Shenzhen Yushian Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Shenzhen Yushian Technology Co., Ltd. (“Shenzhen Yushi”)
Ownership	100% owned by Shenzhen Haiyun
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Horgos Tata Mutual Entertainment Information Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Tata Mutual Entertainment Information Technology Co., Ltd. (“Horgos Tata”)
Ownership	100% owned by Shenzhen Tata
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Horgos Youmi Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Youmi Technology Co., Ltd. (“Horgos Youmi”)
Ownership	100% owned by Shenzhen Youmi
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Horgos Yushian Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Horgos Yushian Technology Co., Ltd. (“Horgos Yushi”)
Ownership	100% owned by Shenzhen Yushi
Background	Registered capital of RMB 5,000,000 (USD 784,671)
Kashgar Youshi Information Technology Co Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Name	Kashgar Youshi Information Technology Co., Ltd. (“Kashgar Youshi”)
Ownership	100% owned by Qianhai Youshi
Background	Registered capital of RMB 5,000,000 (USD 769,230)

Nature of business and organi_4

Nature of business and organization (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Sep. 16, 2022
Defined Benefit Plan Disclosure [Line Items]
Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Number of Shares		2,182,470
Class of Warrant or Right, Outstanding	6,020,500
Reverse Recapitalization amount	$ 33,200,000
Common Stock [Member]
Defined Benefit Plan Disclosure [Line Items]
Common Stock, Shares, Issued	50,812,035
MC Shareholders [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares, Issued		44,554,455

Summary of significant accoun_4

Summary of significant accounting policies (Details)	Jun. 30, 2023
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	1 year
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years

Summary of significant accoun_5

Summary of significant accounting policies (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Foreign cuurency transactions	RMB 1.00 to USD 0.1384
Performance obligation	$ 0	$ 465,800
Convenience Translation [Member]
Foreign cuurency transactions	RMB 1.00 to USD 0.1384
Mcloudvr HK [Member]
Foreign cuurency transactions		USD 0.1450

Accounts receivable, net (Detai

Accounts receivable, net (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Credit Loss [Abstract]
Accounts receivable	$ 11,894,509	¥ 85,947,341	¥ 85,215,404
Less: allowance for doubtful accounts	(2,841,890)	(20,534,926)	(4,862,941)
Accounts receivable, net	$ 9,052,619	¥ 65,412,415	¥ 80,352,463

Accounts receivable, net (Det_2

Accounts receivable, net (Details 1)	6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Credit Loss [Abstract]
Beginning balance	$ 705,060	¥ 4,862,941	¥ 1,886,467
Provision for doubtful accounts	2,263,037	15,671,985	2,976,474
Exchange rate difference | ¥
Exchange difference | $	(126,207)
Ending balance	$ 2,841,890	¥ 20,534,926	¥ 4,862,941

Inventories (Details)

Inventories (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Inventory Disclosure [Abstract]
Raw materials	$ 273,482	¥ 1,976,122	¥ 1,816,058
Finished goods	7,568	54,685	118,350
Total	281,050	2,030,807	1,934,408
Less: Inventory allowance	(24,421)	(176,459)	(176,459)
Inventories, net	$ 256,629	¥ 1,854,348	¥ 1,757,949

Property and equipment, net (De

Property and equipment, net (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Property, Plant and Equipment [Line Items]
Sub total	$ 698,004	¥ 5,043,641	¥ 4,698,153
Less: accumulated depreciation	(468,739)	(3,387,018)	(3,050,277)
Total	229,265	1,656,623	1,647,876
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Sub total	157,831	1,140,456	1,140,456
Mechanical Equipment [Member]
Property, Plant and Equipment [Line Items]
Sub total	146,583	1,059,178	1,059,178
Electronic And Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Sub total	387,503	2,800,025	2,454,537
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Sub total	$ 6,087	¥ 43,982	¥ 43,982

Property and equipment, net (_2

Property and equipment, net (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 46,602	¥ 336,741	¥ 125,223

Intangible assets, net (Details

Intangible assets, net (Details)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Finite-Lived Intangible Assets [Line Items]
Subtotal	$ 4,199,623	¥ 30,345,632	¥ 30,345,632
Less: accumulated amortization	(2,512,984)	(18,158,314)	(14,969,109)
Total	1,686,639	12,187,318	15,376,524
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal	1,840,627	13,300,000	13,300,000
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal	2,040,692	14,745,632	14,745,632
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Subtotal	$ 318,304	¥ 2,300,000	¥ 2,300,000

Intangible assets, net (Detai_2

Intangible assets, net (Details 1)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Intangible Assets Net
2023	$ 431,633	¥ 3,118,895
2024	636,709	4,600,734
2025	618,213	4,467,080
2026	84	609
Thereafter
Total	$ 1,686,639	¥ 12,187,318	¥ 15,376,524

Intangible assets, net (Detai_3

Intangible assets, net (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Intangible Assets Net
Amortization expense	$ 342,666	¥ 3,189,205	¥ 3,190,247

Goodwill (Details)

Goodwill (Details)		Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)
Indefinite-Lived Intangible Assets [Line Items]
GoodWill		$ 2,927,828	¥ 21,155,897	$ 3,067,317	¥ 21,155,897
Goodwillfrom Shenzhen Bowei Acquisition [Member]
Indefinite-Lived Intangible Assets [Line Items]
GoodWill	[1]	1,346,438	9,729,086		9,729,086
Goodwillfrom Shenzhen Tianyuemeng Acquisition [Member]
Indefinite-Lived Intangible Assets [Line Items]
GoodWill	[2]	$ 1,581,390	¥ 11,426,811		¥ 11,426,811
[1]On July 1, 2020, Shenzhen Mengyun entered into acquisition agreement to acquire 100% equity interests of Shenzhen Bowei, a provider of holographic PCBA solutions. The transaction consummated on July 1, 2020. According to the agreement, acquisition consideration is RMB 20,000,000 (approximately USD 3.1 million) to acquire the 100% equity interests of Shenzhen Bowei. Acquired amortizable intangible assets includes customer relationship, software, and non-compete agreements. Approximately RMB 9.7 million (USD 1.5 million) of goodwill arising from the acquisition is mainly attributable to the excess of the consideration paid over the fair value of the net assets acquired that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprise (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition.[2]On October 1, 2020, Shenzhen Mengyun entered into acquisition agreement to acquire 100% equity interests of Shenzhen Tianyuemeng, an entity focused on holographic advertising services. The transaction consummated on October 1, 2020. According to the agreement, acquisition consideration is RMB 30,000,000 (approximately USD 4.6 million) to acquire the 100% equity interests of Shenzhen Tianyuemeng. Acquired amortizable intangible assets includes customer relationship, software, and non-compete agreements. Approximately RMB 11.4 million (USD 1.8 million) of goodwill arising from the acquisition is mainly attributable to the excess of the consideration paid over the fair value of the net assets acquired that cannot be recognized separately as identifiable assets under U.S. GAAP, and comprise (a) the assembled work force and (b) the expected but unidentifiable business growth as a result of the synergy resulting from the acquisition.

Goodwill (Details 1)

Goodwill (Details 1)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)
Indefinite-Lived Intangible Assets [Line Items]
GoodWill	$ 2,927,828	¥ 21,155,897	$ 3,067,317	¥ 21,155,897
Holographic Solutions [Member]
Indefinite-Lived Intangible Assets [Line Items]
GoodWill		9,729,086		9,729,086
Holographic Technology Service [Member]
Indefinite-Lived Intangible Assets [Line Items]
GoodWill		¥ 11,426,811		¥ 11,426,811

Investments in unconsolidated_3

Investments in unconsolidated entities (Details)		Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Schedule of Investments [Line Items]
Investments		$ 83,036	¥ 600,000
19.9% Investment [Member]
Schedule of Investments [Line Items]
Investments	[1]	276,786	2,000,000	2,000,000
4.4% Investment [Member]
Schedule of Investments [Line Items]
Investments	[2]	69,196	500,000	500,000
5% Investment [Member]
Schedule of Investments [Line Items]
Investments	[3]	83,036	600,000	600,000
3% Investment [Member]
Schedule of Investments [Line Items]
Investments	[4]	138,393	1,000,000	1,000,000
2% Investment [Member]
Schedule of Investments [Line Items]
Investments	[5]	83,036	600,000
Impairment [Member]
Schedule of Investments [Line Items]
Impairment of investments		$ (567,411)	¥ (4,100,000)	¥ (4,100,000)
[1]In August 2016, Shenzhen Mengyun invested RMB 2,000,000 in a company in the technology development and animation design areas for 19.9% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 2,000,000 (USD 306,645) impairment loss for the investment in 2018.[2]In November 2015, Shanghai Mengyun invested RMB 500,000 in a company in the database service for 4.44% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 500,000 (USD 76,661) impairment loss for the investment in 2018[3]In September 2021, Shenzhen Mengyun invested RMB 600,000 in a company specializing in research and development of smart wearable devices for 5% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 600,000 (USD 89,166) impairment loss for the investment in 2022.[4]In October 2021, Shenzhen Mengyun invested RMB 1,000,000 in a company specializing in VR/AR education technology for 3% equity interest. Due to the continual losses, the Company believes that the probability of recovering the investment is low. Therefore, the Company accrued RMB 1,000,000 (USD 148,611) impairment loss for the investment in 2022.[5]In March 2023, Shenzhen Mengyun invested RMB 600,000 in a company in the technology development and animation design areas for 2% equity interest.

Other payables and accrued li_3

Other payables and accrued liabilities (Details)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)
Payables and Accruals [Abstract]
Salary payables	¥ 6,658,487	$ 921,488	¥ 6,875,285
Other payables and accrued expenses	6,773,998	937,474	6,674,268
Total other payables and accrued liabilities	¥ 13,432,485	$ 1,858,962	¥ 13,549,553

Related party balances and tr_3

Related party balances and transactions (Details) - CNY (¥)	Jun. 30, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Due from related party		¥ 60,280
Due to related parties		350,000
Shenzhen Mengyun 19. 9 Equity Investment [Member]
Related Party Transaction [Line Items]
Due from related party		60,280
Yuxiu Han [Member]
Related Party Transaction [Line Items]
Due to related parties		¥ 350,000

Taxes (Details)

Taxes (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)
Income Tax Disclosure [Abstract]
Current	$ 7,221	¥ 50,007	¥ (15,989)
Deferred	136,302	943,920	1,685,750
Benefit of income taxes	$ 143,523	¥ 993,927	¥ 1,669,761

Taxes (Details 1)

Taxes (Details 1)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Deferred tax assets:
Allowance for doubtful accounts	$ 28,061	¥ 202,764	¥ 256,868
Impairment loss for investment	33,214	240,000	240,000
Net operating loss carry forward	741,065	5,354,785	3,409,722
Inventory reserve	3,663	26,469	26,469
Right of use	2,519	18,201	14,110
Less: valuation allowance	(592,297)	(4,279,816)	(3,054,301)
Deferred tax assets, net	216,225	1,562,403	892,868
Deferred tax liabilities:
Recognition of intangible assets arising from business acquisition	238,728	1,725,002	1,999,387
Deferred tax liabilities, net	238,728	(1,725,002)	(1,999,387)
Total deferred tax liabilities, net	$ 22,503	¥ 162,599	¥ 1,106,519

Taxes (Details 2)

Taxes (Details 2)	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Income Tax Disclosure [Abstract]
VAT taxes payable	$ 24,240	¥ 175,154	¥ 49,655
Income taxes payable	55,367	400,068	473,565
Other taxes payable	3,987	28,813	79,034
Totals	$ 83,594	¥ 604,035	¥ 602,254

Taxes (Details Narrative)

Taxes (Details Narrative) - Jun. 30, 2023	USD ($)	CNY (¥)
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 5,671,368	¥ 40,980,173

Concentration of risk (Details

Concentration of risk (Details Narrative)	6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022	Dec. 31, 2022 USD ($)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Concentration Risk [Line Items]
Cash deposits				¥ 500,000
Deposited	$ 18,859,244		$ 21,910,338	¥ 136,273,128	¥ 151,119,985
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage	26%	24.10%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage	25.30%		26.40%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customer [Member]
Concentration Risk [Line Items]
Concentration risk percentage	25.20%		15.80%
Purchases [Member] | Vendor Concentration Risk [Member] | One Vendor [Member]
Concentration Risk [Line Items]
Concentration risk percentage	50.70%	31.40%
Purchases [Member] | Vendor Concentration Risk [Member] | Two Vendor [Member]
Concentration Risk [Line Items]
Concentration risk percentage	14%	16.20%
Accounts Payable [Member] | Vendor Concentration Risk [Member] | One Vendor [Member]
Concentration Risk [Line Items]
Concentration risk percentage	65.40%		63.60%
Accounts Payable [Member] | Vendor Concentration Risk [Member] | Two Vendor [Member]
Concentration Risk [Line Items]
Concentration risk percentage			10%

Leases (Details)

Leases (Details) - Jun. 30, 2023	USD ($)	CNY (¥)
Leases [Abstract]
2023(remaining six months)	$ 176,551	¥ 1,275,719
2024	173,312	1,252,317
2025	133,200	962,477
2026	80,239	579,793
Total lease payments	563,302	4,070,306
Less: Interest	(96,146)	(694,731)
Present value of lease liabilities	$ 467,156	¥ 3,375,575

Leases (Details 1)

Leases (Details 1) - Jun. 30, 2023	USD ($)	CNY (¥)
Leases [Abstract]
2023 (remaining six months)	$ 110,578	¥ 799,014
2024	151,860	1,097,308
2025	114,288	825,821
2026	70,695	510,832
Total	$ 447,421	¥ 3,232,975

Leases (Details Narrative)

Leases (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)	Jan. 03, 2022 USD ($)	Jan. 03, 2022 CNY (¥)
Operating lease, right-of-use asset	$ 447,421			¥ 3,232,975	¥ 4,064,525	$ 900,000	¥ 5,700,000
Operating lease, liability						$ 900,000	¥ 5,700,000
Weighted average remaining lease term	2 years 6 months 25 days			2 years 6 months 25 days
Rent expenses	$ 142,699	¥ 960,220	¥ 943,789
Maximum [Member]
Incremental borrowing rate	7%	7%

Warrant liabilities (Details Na

Warrant liabilities (Details Narrative) - $ / shares	1 Months Ended
	Jun. 24, 2021	Jun. 24, 2021	Jun. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants			6,020,500
Warrants, description	Each Public Unit consists of one ordinary share of the Company, $0.0001 par value per share, one right and one redeemable warrant (the “Public Warrant”). Each Public Warrant entitles the holder to purchase one-half (1/2) of an ordinary share at an exercise price of $11.50
IPO [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of units	5,750,000	5,750,000
Price per share	$ 10	$ 10
Private Placement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of units	270,500
Price per share	$ 10	$ 10
Public Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants			5,750,000
Private Warrants [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Warrants			270,500

Shareholders_ equity (Details N

Shareholders’ equity (Details Narrative)			1 Months Ended			6 Months Ended
	Jan. 06, 2021 CNY (¥) shares	Nov. 10, 2020 $ / shares shares	Jun. 24, 2021 $ / shares shares	Jun. 24, 2021 $ / shares shares	Mar. 26, 2021 shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2023 CNY (¥) shares	Dec. 31, 2022 $ / shares	Jun. 30, 2022 CNY (¥)
Class of Stock [Line Items]
Common stock, par value per share | $ / shares						$ 0.0001		$ 0.0001
Number of shares redeemed						2,182,470
Exchange for issue of an aggregate shares		44,554,455
Number of common stock shares per value | $ / shares		$ 0.0001
Statutory reserve						$ 6,121,025	¥ 41,106,881
Retained earnings for statutory reserves | ¥							¥ 0		¥ 1,722,734
IPO [Member]
Class of Stock [Line Items]
Number of units sold			5,750,000	5,750,000
Share price | $ / shares			$ 10	$ 10
Private Placement [Member]
Class of Stock [Line Items]
Number of units sold			270,500
Sponsor [Member]
Class of Stock [Line Items]
Number of shares issued	1,150,000			270,500	287,500
Value of shares issued | ¥	¥ 25,000
Sponsor [Member] | Private Placement [Member]
Class of Stock [Line Items]
Number of units sold				270,500
Share price | $ / shares			$ 10	$ 10
Ordinary Shares [Member]
Class of Stock [Line Items]
Common stock, shares authorized		500,000,000
Common stock, par value per share | $ / shares		$ 0.0001
Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares issued						50,812,035	50,812,035

Segments (Details)

Segments (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)	Jun. 30, 2023 CNY (¥)	Dec. 31, 2022 CNY (¥)
Segment Reporting Information [Line Items]
Revenues	$ 14,138,917	¥ 97,914,825	$ 37,634,950	¥ 252,146,638
Cost of revenues	(6,924,668)	(47,954,709)	(18,862,693)	(126,376,269)
Gross profit	7,214,249	49,960,116	18,772,257	125,770,369
Depreciation and amortization	(509,147)	(3,525,947)	(494,861)	(3,315,470)
Depreciation and amortization	509,147	3,525,947	494,861	3,315,470
Total capital expenditures	(49,889)	(345,488)	$ (270,476)	(1,812,133)
Total Assets	35,017,028				¥ 253,026,041	¥ 282,121,901
Holographic Solutions [Member]
Segment Reporting Information [Line Items]
Revenues		20,639,027		107,019,008
Cost of revenues		(15,230,528)		91,313,957
Gross profit		5,408,499		15,705,051
Depreciation and amortization		(3,525,947)		1,273,588
Depreciation and amortization		3,525,947		(1,273,588)
Total capital expenditures		(345,488)		(1,812,133)
Total Assets	24,642,708				178,063,283	200,456,129
Holographic Technology Service [Member]
Segment Reporting Information [Line Items]
Revenues		77,275,798		145,127,630
Cost of revenues		(32,724,181)		35,062,312
Gross profit		44,551,617		110,065,318
Depreciation and amortization				2,041,882
Depreciation and amortization				(2,041,882)
Total capital expenditures
Total Assets	$ 10,374,320				¥ 74,962,758	¥ 81,665,772

Segments (Details 1)

Segments (Details 1)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 CNY (¥)	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CNY (¥)
Segment Reporting Information [Line Items]
Revenues	$ 14,138,917	¥ 97,914,825	$ 37,634,950	¥ 252,146,638
Holographic Technology LiDAR Products [Member]
Segment Reporting Information [Line Items]
Revenues	1,996,376	13,825,305		19,462,207
Holographic Technology Intelligence Vision Software And Technology Development Service [Member]
Segment Reporting Information [Line Items]
Revenues	275,499	1,907,888		12,768,490
Holographic Technology Licensing And Content Product [Member]
Segment Reporting Information [Line Items]
Revenues	388,403	2,689,770		13,854,285
Holographic Hardware Sales [Member]
Segment Reporting Information [Line Items]
Revenues	320,000	2,216,064		60,934,026
Total Holographic Solutions [Member]
Segment Reporting Information [Line Items]
Revenues	$ 2,980,278	¥ 20,639,027		¥ 107,019,008